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Organization and Operations of Federal Credit Unions

NCUA · final-rule · Published 2000-03-22 · Effective 2000-07-01 · 65 FR 15224

Document

Document number
00-7039
Federal Register citation
65 FR 15224
CFR reference
12 CFR 701
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2000-03-22
Effective date
2000-07-01

Abstract

NCUA is amending its lending regulation to permit federal credit unions to advance money to members to cover account deficits without having a credit application from the member on file if the credit union has a written overdraft policy. The change will enable credit unions to offer this service without subjecting credit unions to undue risk.

Source

Authoritative
Federal Register document
Machine
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