# Organization and Operations of Federal Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2000-04-20 · Effective 2000-08-07 · 65 FR 21129
## Document
- **Document number:** 00-9855
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 65 FR 21129
- **CFR reference:** 12 CFR 701
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2000/04/20/00-9855/organization-and-operations-of-federal-credit-unions)
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