The National Credit Union Administration (NCUA) Board is scheduled to hold a meeting on Thursday, July 24, beginning at 10 a.m. Eastern. The agenda includes briefings on artificial intelligence, an update from the NCUA Ombudsman, and information regarding the Central Liquidity Facility.
"Our July Board meeting will provide updates on the Central Liquidity Facility, which provides members a critical liquidity backstop during periods of financial uncertainty, and highlights from the recently published 2024 Ombudsman Annual Report," stated NCUA Chairman Kyle Hauptman. "Additionally, we’re working towards capturing information and new insights on the use of AI within the credit union space. As always our mission is to protect the safety and soundness of the credit union system and we are best equipped to do this when we understand how credit unions interact with new technology and products."
Meetings are held at NCUA's headquarters located at 1775 Duke Street in Alexandria, Virginia. Visitors wishing to attend in person should register in advance and enter through the Visitor Center on Diagonal Road.
The open Board meetings are also available via livestream on both NCUA’s website and YouTube channel. Relevant documents related to meeting items can be accessed online at the start of each session.
The NCUA serves as an independent federal agency established by Congress to regulate, charter, and supervise federal credit unions. It manages the National Credit Union Share Insurance Fund which insures deposits for over 135 million account holders across federal credit unions and most state-chartered credit unions. The agency also focuses on consumer protection and financial literacy education.