Oregon State Chartered Credit Unions Weigh in With DCBS on Occupancy Rule

The Oregon DCBS is taking steps to permanently adopt a rule allowing state chartered credit unions up to six years to partially utilize unimproved property held for future expansion. A group of state chartered credit union representatives recently served as an advisory group.

DCBS to Issue Administrative Rule in Line with Model Credit Union Act Subcommittee Recommendation

The Oregon DCBS will issue a temporary rule tomorrow concerning property use and ownership for state-chartered credit unions, one of many updates to the Oregon Credit Union Act recommended by the NWCUA’s Model Credit Union Act Subcommittee.

NCUA Board Holds Busy Meeting

A full overview of the May 19 meeting includes the Board’s actions on indemnification provisions, prepayment of corporate stabilization fund assessments, and a rule clarifying the temporary unlimited deposit insurance mandated by Dodd Frank.

Compliance Calendar

Regularly updated with information about comment letter deadlines, effective dates of regulations, deadlines for reporting, and other important compliance dates.