Feedback sought on NCUA’s succession planning proposal

by America's Credit Unions

America’s Credit Unions’ latest Regulatory Comment calls for credit unions to submit feedback on the NCUA’s proposed rule on succession planning. Comments can be sent to America’s Credit Unions by Sept. 9 and are due to the agency by Sept. 23.

Legacy CUNA members can submit comments here, legacy NAFCU members can submit comments here.

The proposal would require federally insured credit unions to establish a written succession plan for certain positions.

These include members of the board and supervisory committee, as well as management and assistant management officials, senior executive officers, and members of the credit committee and loan officers when they are involved daily in the review of loans.

 

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