Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
NCUA proposes to amend corporate CU reg
The National Credit Union Administration has published at 85 FR 17288 a proposed rule that would amend the NCUA's corporate credit union regulation. The proposed rule would update, clarify, and simplify several provisions of the NCUA's corporate credit union regulation, including:
- permitting a corporate credit union to make a minimal investment in a credit union service organization (CUSO) without the CUSO being classified as a corporate CUSO under the NCUA's rules;
- expanding the categories of senior staff positions at member credit unions eligible to serve on a corporate credit union's board;
- amending the minimum experience and independence requirement for a corporate credit union's enterprise risk management expert; and
- requiring a corporate credit union to deduct certain investments in subordinated debt instruments issued by natural person credit unions.
Comments on the proposal are due by May 26, 2020.
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