ALEXANDRIA, Va. — NCUA Chairman Debbie Matz and Board Member Michael Fryzel stuck to a controversy-free agenda Thursday morning during the agency's October board meeting, approving financial statements and a new community charter and proposing an extension of its August low-income credit union offer from 30 to 90 days.
Because the board's third seat is empty, following former Board Member Gigi Hyland's departure Oct. 5, the Democrat Matz and Republican Fryzel are forced to unanimously agree on any proposed rules or actions until a replacement is appointed and confirmed by the Senate.
The 20-minute meeting produced no surprises, with the most far-reaching decision being a proposed rule to extend the time allowed to accept a fast track to low-income designation that was offered to 1,003 credit unions in August. To date, 676 credit unions have accepted the offer, the NCUA said Thursday in a release.
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