# Organization and Operation of Federal Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2001-12-20 · Effective 2002-01-22 · 66 FR 65628
## Document
- **Document number:** 01-31288
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 66 FR 65628
- **CFR reference:** 12 CFR 701
- **Publication date:** 2001-12-20
- **Effective date:** 2002-01-22
## Abstract

The NCUA Board is amending its rule limiting compensation to officials. The amendment changes the definition of the term "compensation" to exclude the reimbursement or payment of business- related travel costs for an official to be accompanied by a guest.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2001/12/20/01-31288/organization-and-operation-of-federal-credit-unions)
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