National Credit Union Administration April 2007 – Federal Register Recent Federal Regulation Documents

Member Inspection of Credit Union Books, Records, and Minutes
Document Number: E7-7610
Type: Proposed Rule
Date: 2007-04-23
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing a proposed rule on member inspection of federal credit union (FCU) books, records, and minutes. The rule provides that a group of members representing approximately one percent of the membership, with a proper purpose and upon petition, may inspect and copy the nonconfidential portions of the credit union's books, records, and minutes. This proposal standardizes and clarifies existing member inspection rights.
Disclosure of Merger Related Compensation Arrangements
Document Number: E7-7608
Type: Proposed Rule
Date: 2007-04-23
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing a proposed rule on mergers to require all federally insured credit unions to include in the merger plan submitted to NCUA a description of any arrangements providing a material increase in compensation or benefits to senior management officials in connection with the merger. The proposed rule also requires federal credit unions to disclose the existence of such compensation arrangements in the materials provided to members voting on whether to approve the merger. The proposed rule will ensure members of a merging federal credit union and NCUA are fully informed about arrangements providing for a material increase in compensation or benefits to senior management officials before considering whether to approve the merger. NCUA believes this requirement will assure merger decisions are based on the best interests of the members.
Notice of Sunshine Act Meeting
Document Number: 07-1774
Type: Notice
Date: 2007-04-10
Agency: National Credit Union Administration, Agencies and Commissions
Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act
Document Number: C7-1476
Type: Proposed Rule
Date: 2007-04-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Federal Trade Commission, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Commodity Futures Trading Commission