WASHINGTON, Jan. 26 -- National Credit Union Administration has issued a proposed rule called: Dependent Care and Board Member Expense Reimbursement.
The proposed rule was published in the Federal Register on Jan. 26 by Melane Conyers-Ausbrooks, Secretary of the Board.
Summary: The NCUA Board proposes to amend its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The proposed rule would enable FCU boards to establish policies that allow for the payment of reasonable dependent care costs incurred by volunteer officials while attending board meetings and performing their official duties. This proposed amendment would include dependent care costs as a reimbursable expense. The proposed ...