CU Association

NASCUS Summary: Exceptions to Employment Restrictions

NASCUS Summary Proposed IRPS 19-1 Exceptions to Employment Restrictions Under Section 205(d) of the FCUA (‘‘Second Chance IRPS’’) Prepared by NASCUS Legislative & Regulatory Affairs Department September 2019 NCUA is...

Final Rule Summary: Part 713 and Part 704 Fidelity Bond Coverage (741.201)

Final Rule Summary Part 713 and Part 704 Fidelity Bond Coverage (741.201) Prepared by NASCUS Legislative & Regulatory Affairs Department August 2019  NCUA has finalized amendments to Part 713 and...

Summary: NCUA Interim Hemp Guidance

19-RA-02 Serving Hemp Businesses August 2019 NCUA has issued “interim guidance” for credit unions interested in serving the legalized hemp industry. The guidance will be updated as needed as necessary...

Summary: NCUA Proposal, Call Report Modernization

Summary: NCUA Proposal, Call Report Modernization March 2018 NCUA is continuing its initiative, begun in 2016, to update and modernize the 5300 Call Report for credit unions. NCUA has proposed changes that...

Summary: NCUA Proposed Changes to its Bylaws for Federal Credit Unions (FCUs)

Summary: NCUA Proposed Changes to its Bylaws for Federal Credit Unions (FCUs) April 2018 The NCUA Board has issued an advance notice of proposed rulemaking (ANPR) to FCUs soliciting comments...

Summary: Accuracy of Advertising and Notice of Insured Status

Final Rule Summary: Accuracy of Advertising and Notice of Insured Status Prepared by NASCUS Legislative & Regulatory Affairs Department April 2018 NCUA has amended Part 740, its advertising rule, to provide...

Final Rule Summary:  NCUSIF Equity Distributions

Final Rule Summary:  NCUSIF Equity Distributions Prepared by NASCUS Legislative & Regulatory Affairs Department April 2018 NCUA has promulgated a final rule amending the regulations for calculating credit unions’ pro rata...

Summary: NCUA Proposed Rule Payday Alternative Loans

NCUA Proposed Rule Payday Alternative Loans Summary Prepared by NASCUS Legislative & Regulatory Affairs Department May 2018 NCUA is proposing to allow federal credit unions (FCUs) to offer an additional...

Summary: Involuntary Liquidation of FCUs

Final Rule Summary: Part 709, Involuntary Liquidation of FCUs and Claims Procedures Prepared by NASCUS Legislative & Regulatory Affairs Department June 2018 NCUA is amending part 709 of its rules...

Summary: Remove 1-4 from MBL

Final Rule Summary: Amendments to Part 723, Commercial Lending, to Remove Non-Owner Occupied 1-4 Family Dwellings from the Definition of a Member Business Loan  Prepared by NASCUS Legislative & Regulatory...

Summary: Federal Credit Union Chartering & Field of Membership Final Rule 

Part 701 – Federal Credit Union Chartering & Field of Membership Final Rule  Prepared by NASCUS Legislative & Regulatory Affairs Department June 2018 NCUA has issued a final rule amending...

Summary: FCU Bylaws and Voluntary Mergers of Federally Insured Credit Unions

Part 701 & 708b – FCU Bylaws and Voluntary Mergers of Federally Insured Credit Unions Final Rule Summary Prepared by NASCUS Legislative & Regulatory Affairs Department July 2018 NCUA has...