# Uninsured Secondary Capital
> **US National Credit Union Administration** · Final rule. · Published 2006-01-26 · Effective 2006-02-27 · 71 FR 4234
## Document
- **Document number:** 06-686
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 71 FR 4234
- **CFR reference:** 12 CFR 701
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2006/01/26/06-686/uninsured-secondary-capital)
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