On June 24th, the National Credit Union Administration ("NCUA") published an Advanced Notice of Proposed Rulemaking requesting public comments on whether and how to modify its rule on investment and deposit activities to permit a natural person credit union to engage in the purchase and sale of financial derivatives for the purpose of offsetting interest rate risk. Although permitted by law, NCUA currently allows only a limited number of credit unions, on a case-by-case basis, to engage in such transactions under an investment pilot program. Comments should be submitted on or before August 23, 2011. 76 FR 37030.