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Investment and Deposit Activities; Corporate Credit Unions

NCUA · final-rule · Published 2002-10-25 · Effective 2002-11-25 · 67 FR 65640

Document

Document number
02-26902
Federal Register citation
67 FR 65640
CFR reference
12 CFR 703
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2002-10-25
Effective date
2002-11-25

Abstract

NCUA is issuing final revisions to the rule governing corporate credit unions (corporates). The major revisions to the rule are in the areas of capital, credit concentration limits and services. The amendments enable corporates to remain competitive in the marketplace while retaining NCUA's historic focus on the safety and soundness of the corporate credit union system. The major changes to these areas necessitate some substantive changes to other provisions of the rule. Several other minor revisions are generally either a clarification or a modernization of the existing rule.

Source

Authoritative
Federal Register document
Machine
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