The NCUA plans to withdraw a request to extend its program for the monthly collection of financial performance and executive compensation data for large Region 3 federally insured credit unions.
The NCUA had planned to request that the program, which began in 2009, be extended and had filed a notice in the Federal Register last week seeking comments on the proposal. Data-collection programs must be approved by the Office of Management and Budget.
Under the program, the agency collected monthly financial data and monthly executive and board compensation data from Region 3 federally insured credit unions with at least $1 billion in assets.
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