ALEXANDRIA, Va. - The National Credit Union Administration’s (NCUA) Outreach Task Force provided to the NCUA board 12 recommendations:
1) Collect membership profile data through the AIRES examination process;
2) Collect financial services data on the 5300 Call Report;
3) Publish aggregate data on membership profile and financial services in the NCUA Annual Report or other publication(s).
4) Develop a means for each FCU to obtain its proprietary membership profile data from NCUA.
5) Collect FCU and federal corporate credit union senior executive officer compensation during the examination, and then use AIRES and the Corporate Examination Database to capture the information.
6) Publish aggregate data on senior executive officer compensation in the Annual Report or other NCUA publication(s).
7) Promulgate a regulation requiring federal credit unions and federal corporate credit unions to annually disclose individual senior executive officer compensation to their members.
8) Revise NCUA Rules and Regulations to replace MHI with MFI as one of the standards for qualifying a credit union as low income.
9) Include a grandfather provision of five years to allow adequate transition time for any low-income credit union failing to qualify under the MFI standard.
10) Expand its outreach program(s) to include a broader spectrum of credit unions serving, or having the ability to serve, members of low or moderate income.
11) Emphasize increased regional involvement in the implementation of outreach policies.
12) Improve its oversight of Community Development Revolving Loan Fund programs.
