During its March 24 open board meeting, the NCUA board will vote on a final rule that would allow federal credit unions to invest in bank notes.
The board approved the proposed rule on Oct. 15, 2015. It would eliminate an unintentionally burdensome investment requirement and provide federal credit unions with greater choices when investing in bank notes.
Additionally, the board will provide a quarterly report on the Corporate Stabilization Fund. The Temporary Corporate Credit Union Stabilization Fund received a clean audit opinion from the Office of the Inspector General for the period ending Dec. 31, 2015, according to a report released March 1.
The meeting is slated for March 24 at 10 a.m. ET.
Additionally, the board will hold a closed meeting at 11 a.m. ET to discuss a Share Insurance appeal.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
