# Change in Official or Senior Executive Officer in Credit Unions That Are Newly Chartered or Are in Troubled Condition
> **US National Credit Union Administration** · Final rule. · Published 2004-10-27 · Effective 2004-11-26 · 69 FR 62561
## Document
- **Document number:** 04-24002
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 69 FR 62561
- **CFR reference:** 12 CFR 701
- **Publication date:** 2004-10-27
- **Effective date:** 2004-11-26
## Abstract

NCUA is amending its rule concerning the requirement that federally-insured credit unions that are newly chartered or troubled file notice with NCUA before adding or replacing a board or committee member or employing or changing the duties of a senior executive officer. The amendments clarify the relationship between the prior notice provision and the commencement of service provision, so as to eliminate any potential confusion. In addition, the amendments reorganize the requirements in the current rule to make it easier to understand.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/10/27/04-24002/change-in-official-or-senior-executive-officer-in-credit-unions-that-are-newly-chartered-or-are-in)
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