ALEXANDRIA, Va. — Federally chartered corporate credit unions would be allowed to assess annual membership fees and increase the amount of retained earnings, according to proposed rules scheduled to be voted on today by the NCUA Board.

The rule, which is subject to a 30-day comment period, would also limit natural person credit unions to joining one corporate. The rule will also outline the rules for the corporate system to set up a risk mitigation committee. The rule would also require the disclosure of compensation from a corporate CUSO for certain corporate credit union executives.

In addition, the agency issued proposed technical corrections to the rule on corporate credit unions that it approved in September. It modifies the definition of collateralized debt obligations to exclude commercial mortgage-backed securities.