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Due Today: Comments on NCUA Strategic Plan and Advertising Notice
Monday, December 4, 2017 7:00 AM

Today is the comment deadline for two important NCUA proposed rules, and another is due Dec. 29. If you haven't sent in your comment letters, now is the time.

Proposed Rule for the 2018-2022 Draft Strategic Plan
The first rule proposal regards the 2018-2022 draft strategic plan, which seeks to maximize agency success in credit union oversight while balancing prudential regulation with improved consumer access, according to the agency. The proposed plan has several features demonstrating NCUA’s approach to examination and summarizes its analysis of the internal and external environment impacting NCUA. It also evaluates agency programs and risks and provides goals and objectives for the next five years. According to NCUA, it specifically welcomes comments and input on the proposed goals and objectives of the plan.

Comments on the 2018-2022 strategic plan are due today, Dec. 4, and should be addressed to regcomments@ncua.gov.

Proposed Rule for Accuracy of Advertising and Notice of Insured Status
Also due today are comments on the proposed rule on accuracy of advertising and notice of insured status, which would revise certain provisions of NCUA’s advertising rule to provide regulatory relief. Get more info here.

Federally insured credit unions are required to use NCUA’s ‘‘official advertisement statement’’ when advertising, using any of three versions. The proposal gives the option of using a fourth version, namely by stating ‘‘Insured by NCUA.’’ It also would expand a current exemption from the advertising statement requirement regarding radio and television advertisements, and eliminate the requirement to include the official advertising statement on statements of condition required to be published by law.

Comments are due today and should be addressed to regcomments@ncua.gov. Include “[Your Name] Comments on Notice of Proposed Rulemaking Regarding Accuracy of Advertising” in the email subject line. A sample comment letter can be found here.

Please also copy Suzanne at syashewski@cornerstoneleague.coop.

Proposed Rule on Capital Planning and Supervisory Stress Testing
Also due this month, on Dec. 29, are comments for the proposed rule on capital planning and supervisory stress testing. This rule would remove some of those requirements for covered credit unions ($10 billion or more in assets) and make those requirements more efficient by authorizing credit unions to conduct their own stress tests and allowing those credit unions to incorporate those results into their capital plan submissions. Plan now on what you'll submit for a comment and remember to copy Suzanne Yashewski when you do.

Questions? Email Suzanne Yashewski at the address above, or call her at 512-853-8516.