According to Melinda Love, deputy director of NCUA's Office of Examination and Insurance, NCUA's primary Year 2000 goals this year are to get CUs through the testing and renovation phases of Year 2000. Next year, the issues change.
Liquidity needs in fourth quarters are high anyway because of the holidays.
And there are a lot of people with expensive millennium New Year's Eve plans. Love said it's unlikely that NCUA will adjust liquidity requirements next year, but that examiners, as part of their Year 2000 exams, will determine if CUs have adequately assessed their liquidity needs. On the public relations front, Love said that NCUA is currently developing a Year 2000 awareness brochure for credit unions to distribute to members. The NCUA brochure will be similar to the FDIC's, she noted. It's at the printer now.