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Organization and Operations of Federal Credit Unions

NCUA · final-rule · Published 2000-04-20 · Effective 2000-08-07 · 65 FR 21129

Document

Document number
00-9855
Federal Register citation
65 FR 21129
CFR reference
12 CFR 701
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2000-04-20
Effective date
2000-08-07

Abstract

NCUA is amending its rule pertaining to secondary capital accounts for low-income designated credit unions to conform it to the recently issued prompt corrective action rule (PCA). Under PCA, NCUA has discretionary authority, under certain circumstances, to prohibit a credit union from paying principal, dividends or interest on the credit union's secondary capital accounts established after August 7, 2000.

Source

Authoritative
Federal Register document
Machine
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