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NCUA to Consider Stabilization Fund Closure at Upcoming Board Meeting

Sat, Sep 23, 2017

The NCUA has released the agenda for its open Board meeting on Thursday, September 28. Two issues the Association has been watching closely will be considered:closing the Corporate Stabilization Fund and setting the Normal Operating Level. Based on input from member credit unions, the Association submitted a comment letter supporting closure of the Stabilization Fund, but opposing an increase of the NOL from 1.30 percent to 1.39 percent.

Other items on the agenda include a quarterly report on the Corporate Stabilization Fund, a proposed rule on the accuracy of advertising and notice of insured status, and a review of the agency’s 2018-2022 strategic plan.

The open meeting will begin at 10 a.m. You may access th​e livestream beginning an hour before the scheduled start of the meeting by going to the homepage of NCUA’s website and clicking the provided livestream link.