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NCUA Board to Issue Proposals on Mergers, Hear Fund Update
Friday, May 19, 2017 6:30 AM

The NCUA Board is set to hear an update on the Temporary Corporate Credit Union Stabilization Fund and consider proposals dealing with voluntary federal credit union mergers, agency appeals procedures, and the Supervisory Review Committee during its May 25 open meeting, according to an agenda released Thursday.

The open meeting is set for 10 a.m. ET, to be followed by a closed meeting at 11:45 a.m. ET to consider supervisory matters.

The Supervisory Review Committee is an independent appellate body that reviews supervisory determinations, including CAMEL ratings, loan classifications and denials of technical assistance grants.

NCUA Acting Chairman J. Mark McWatters mentioned his proposal to close the TCCUSF early and wrap it into the National Credit Union Share Insurance Fund during last month's board meeting, and NCUA Chief Financial Officer Rendell Jones said research is being done on this idea.