The National Credit Union Administration (NCUA) Board will vote on succession planning and incentive-based compensation arrangement proposed rules at its July 18 board meeting. The agenda also lists an item on the federal credit union loan interest rate ceiling.
America’s Credit Unions (ACU) has called on NCUA to raise the interest rate ceiling in recent years, and supported NCUA adopting a floating interest rate cap.
Regarding the succession planning rulemaking, the board is scheduled to re-propose changes to the existing regulation. ACU has called on the agency to adopt an approach to succession planning that provided guidance rather than prescriptive regulatory requirements.
The complete agenda includes:
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
Powered by ViClarity, a California and Nevada Credit Union Leagues company.
