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The Low-Income Definition

NCUA · final-rule · Published 2010-12-23 · Effective 2010-12-23 · 75 FR 80677

Document

Document number
2010-32130
Federal Register citation
75 FR 80677
CFR reference
12 CFR 701
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2010-12-23
Effective date
2010-12-23

Abstract

NCUA is amending the definition of "low-income members" to clarify that, in determining if a credit union qualifies for a low- income designation, the comparison of credit union data, whether individual or family income data, must be with statistical data for the same category. The amendment will clarify the intention of the original regulatory text so it is consistent with the geo-coding software the agency uses to make the low-income credit union (LICU) designation.

Source

Authoritative
Federal Register document
Machine
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