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Organization and Operations of Federal Credit Unions

NCUA · final-rule · Published 2001-12-20 · Effective 2001-12-20 · 66 FR 65625

Document

Document number
01-31290
Federal Register citation
66 FR 65625
CFR reference
12 CFR 701
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2001-12-20
Effective date
2001-12-20

Abstract

The NCUA Board is amending its chartering and field of membership manual to make two changes to ease regulatory burden on community charters and to update the requirements for a credit union to add an underserved area to its charter. First, an existing community charter need not document in writing how it plans on serving the entire community. Second, the Board is updating the definition of an investment area because of the release of new census data and updated Community Development Financial Institution Fund standards. These amendments will help reduce the costs for community charters and make it easier for credit unions to serve underserved areas.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown