NASCUS Summarizes NCUA’s Final Rule on Public Unit and Nonmember Deposits

NCUA has published a final rule amending its regulations in Part 701.32(b) limiting public unit and non-member deposits in federally insured credit unions (FICUs). These rules apply to federally insured state credit unions (FISCUs) by reference in §741.204.

NASCUS Legislative & Regulatory Affairs prepared a detailed summary of the final rule.

The Summary can be found here.