NCUA Board Meets March 16, Set to Vote on Subordinated Debt Final Rule 

The NCUA Board will vote on a subordinated debt final rule at its March 16 meeting. The meeting will be streamed live on NCUA.gov and will begin at 10 a.m. ET.  The proposed rule is intended to extend the treatment of Emergency Capital Investment Program (ECIP) funds as regulatory capital to reflect the maximum permissible maturity of the note, and to eliminate the 20-year maximum maturity limit in favor of a more flexible test.