NCUA Board reform, OTR, alt. capital highlight web interview
March 8, 2017 -- Reform of the NCUA Board -- to increase the number of members from three to five (and designate one seat for someone with state credit union regulator experience) – and the next step in increasing transparency for the overhead transfer rate (OTR) are among the issues addressed by NASCUS President and CEO Lucy Ito during an interview streamed by the web video program CUbroadcast.com.
In her discussion with host Mike Lawson (recorded last week during the CUNA GAC in Washington), Ito noted the NCUA Board reform, and the OTR transparency, as two key issues on the radar for her association. She also discussed the NCUA advance notice of proposed rulemaking on alternative capital as a top issue for the association.
Additionally, the NASCUS leader said she was meeting with various interest groups, as well as federal lawmakers and regulators, during the GAC to give them an update on NASCUS priorities and goals.