Markets Wired

ALEXANDRIA, Va. (March 19, 2018) – The video recording of the Feb. 15, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website.

Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year.

At the February open meeting, the Board unanimously approved two items:

• A Share Insurance distribution of $736 million to eligible, federally insured credit unions in the third quarter of 2018.
• A final rule amending the agency’s share insurance requirements rule to provide greater fairness, predictability, and transparency and add a temporary provision to govern share insurance equity distributions related to the Corporate System Resolution Program.

The Chief Financial Officer briefed the Board on the performance of the National Credit Union Share Insurance Fund, which ended 2017 with a net position of $15.7 billion.

The NCUA posts these videos as part of the agency’s ongoing efforts to provide transparency and to allow those unable to attend Board meetings the opportunity to become better informed. An interval between the meeting and posting is necessary for the videos to comply with Section 508 of the Rehabilitation Act for the hearing and visually impaired.

The Board Actions page of the NCUA’s website has more information, including Board agendas, which are posted at least one week in advance of each open meeting; copies of Board Action Bulletins, which summarize the meetings; copies of Board memorandums and other documents.