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Uninsured Secondary Capital

NCUA · final-rule · Published 2006-01-26 · Effective 2006-02-27 · 71 FR 4234

Document

Document number
06-686
Federal Register citation
71 FR 4234
CFR reference
12 CFR 701
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2006-01-26
Effective date
2006-02-27

Abstract

The National Credit Union Administration (NCUA) is adopting modifications to its rules on uninsured secondary capital accounts to allow low-income designated credit unions to begin redeeming the funds in those accounts when they are within five years of maturity, and to require prior approval of a plan for the use of uninsured secondary capital before a credit union can begin accepting the funds.

Source

Authoritative
Federal Register document
Machine
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