Corp R FromTyrrell Melissa ToRegulatory Comments SubjectBELCO CU COMMENTS ON PUBLIC UNIT AND NONMEMBER SHARES PROPOSE ID: 839307
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------------------------------------------------------------------------- This message was secured by Zix Corp (R). From:Tyrrell, Melissa To:_Regulatory Comments Subject:BELCO CU COMMENTS ON PUBLIC UNIT AND NONMEMBER SHARES PROPOSED RULEDate:Friday, July 26, 2019 1:19:40 PMAttachments:image001.png This message was sent securely usingZixCorp.Gerard Poliquin, Secretary of the BoardNational Credit Union Administration1775 Duke StreetAlexandria VA 22314Public Union and Nonmember Shares, RIN 3313-AF00 Belco Community Credit Union appreciates this opportunity to comment on the NCUA Board’snonmember shares.in central Pennsylvania and has $622 million in assets and approximately 66,000 members.The proposed rule would increase the limit on public unit and nonmember shares to fifty percent(50%) of paid-in and unimpaired capital (the current limit is 20%) less any cur
2 rent public unit andmillion limit.able t
rent public unit andmillion limit.able to take advantage of the new limit, once finalized, through the parity provision of theof Banking and Securities. nonmember deposits provides a credit union with a reasonable funding source.flexibility in terms of balance sheet management. We would be happy to discuss these comments at your convenience. Melissa M. Tyrrell, CUCE, BSACSCompliance Manager We believe in every person, every dream, every time. **Confidentiality Notice: This email message, including any attachments, contains privileged and confidential information, and is solelyfor the use of the intended recipient(s). Any unauthorized review, use, disclosure, distribution or copying of the same is expresslyprohibited. If you are not the intended recipient, please contact the sender by replying to this email and destroy/delete all copies of thismessage/attachments.*