# Golden Parachute and Indemnification Payments
> **US National Credit Union Administration** · Final rule. · Published 2011-05-26 · Effective 2011-06-27 · 76 FR 30510
## Document
- **Document number:** 2011-12827
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 76 FR 30510
- **CFR reference:** 12 CFR 704
- **Publication date:** 2011-05-26
- **Effective date:** 2011-06-27
## Abstract

NCUA is issuing a final rule to prohibit, in certain circumstances, a Federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution- affiliated party (IAP). The rule will help safeguard the National Credit Union Share Insurance Fund (NCUSIF) by preventing the wrongful or improper disposition of FICU assets and inhibit unwarranted rewards to IAPs that can contribute to an FICU's troubled condition.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/05/26/2011-12827/golden-parachute-and-indemnification-payments)
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