Credit unions have the opportunity to weigh in on several proposed rules from the NCUA.

Here are the upcoming deadlines for comment letters:

1. Succession Planning | Deadline: September 23
   Your credit union can weigh in on the NCUA Board’s revised rule on succession planning. This proposed rule mandates that the boards of federally insured credit unions establish and adhere to succession planning processes.
2. Credit Union Profile Changes | Deadline: September 24
   Comments on proposed changes to the Credit Union Profile will take effect in the December 2024 cycle. These changes will influence how credit unions report key data and could impact compliance and reporting requirements.
3. Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)| Deadline: October 8
   Four federal financial institution regulatory agencies have requested comment on a proposal to update their requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorist programs.