NCUA Board Meeting Recap

Friday, March 18, 2011 1:26:00 PM

ALEXANDRIA, Va. - The NCUA Board met Thursday for the agency's monthly board meeting.

The NCUA Board approved proposals regarding definitions for credit union net worth as well as technical corrections regarding corporate credit unions. In addition, the Board approved final rules on PCA riskweighting for NCUA Guaranteed Notes and reviewed the latest NCUSIF and Stabilization Fund reports.

Most significantly, the NCUA Board issued a proposed regulation that would require federally-insured credit unions to adopt a written interest rate risk policy and interest rate risk management program to guard against possible future losses stemming from rising interest rates on share deposits and other sources of funds.

To access the full summary from yesterday's meeting, please visit http://www.njcul.org/ncua-board-meeting-summaries.aspx. You must be logged in to use this feature. If you do not have a login and password for the NJCUL Web site, please e-mail Marissa Anema at manema@njcul.org to request credentials.

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