# Definition of Troubled Condition
> **US National Credit Union Administration** · Final rule. · Published 2013-01-18 · Effective 2013-02-19 · 78 FR 4026
## Document
- **Document number:** 2013-00863
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 78 FR 4026
- **CFR reference:** 12 CFR 700
- **Publication date:** 2013-01-18
- **Effective date:** 2013-02-19
## Abstract

The NCUA Board (Board) is issuing a final rule amending the definition of "troubled condition" as that term is used to trigger the statutory requirement to give the Board notice and an opportunity to disapprove a change of credit union officials, and as that term appears elsewhere in NCUA's regulations. Generally, the current definition allows only a state supervisory authority (SSA) to declare a federally insured, state-chartered credit union (FISCU) to be in "troubled condition." The final rule amends the definition to allow either NCUA or an SSA to declare a FISCU in "troubled condition." NCUA is adopting the amended definition of "troubled condition" as proposed.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2013/01/18/2013-00863/definition-of-troubled-condition)
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