Comments due on NCUA ANPR on FCU bylaws
The National Credit Union Administration has published an Advance Notice of Proposed Rulemaking at 83 FR 12283 in today's Federal Register to solicit stakeholder comments on ways to streamline, clarify, and improve the standard Federal Credit Union (FCU) bylaws. The standard FCU bylaws provide a comprehensive set of corporate governance procedures that are mandatory for any FCU that had not adopted bylaws as of November 30, 2007. The Board is considering a number of significant changes to the FCU bylaws to provide enhanced operational flexibility to FCUs and to reduce regulatory compliance burdens on all FCUs. Comments on the ANPR close May 21, 2018.
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