SUPPLEMENTARY INFORMATION: I. Introduction A. Background Since 1934, the Federal Credit Union Act (the FCU Act) has restricted FCU board compensation.[1] The FCU Act provides that only one FCU board member may be compensated as such. No other FCU official may receive...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Sunshine Act Meetings
This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...
Nondiscrimination Requirements
( printed page 1467) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to remove a redundant and outdated regulation regarding nondiscrimination in lending. While the regulation was intended to...
Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 08-2 (IRPS 08-2). Rescinding IRPS 08-2 would ease the compliance burden on Federal credit unions (FCUs) by limiting the...
Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to rescind its Interpretative Ruling and Policy Statement 10-1 (IRPS 10-1), which was issued as an amendment to IRPS 08-2. Rescinding IRPS 10-1 would ease the compliance...
Corporate Credit Unions
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is issuing for public comment a proposal to rescind its Interpretive Ruling and Policy Statement (IRPS) 11-02, which addresses chartering corporate credit unions, because it is...