ALEXANDRIA, Va. — Federal credit unions will have to submit additional data about the financial characteristics of their members and the services they provide to them as a result of policies approved Thursday by the NCUA Board.

Following nearly 90 minutes of discussion and questions to staff members, the board voted 2-1 to adopt the recommendations of its Outreach Task Force, with NCUA Vice Chairman Rodney Hood casting the dissenting vote.

NCUA plans to collect membership profile data during its regularly scheduled examinations of credit unions and collect data on financial services as part of the 5300 Call Report. NCUA would publish the membership profile and financial services data on an aggregate basis in its annual report.

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