# Corporate Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2020-11-12 · Effective 2020-12-14 · 85 FR 71817
## Document
- **Document number:** 2020-23185
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 85 FR 71817
- **CFR reference:** 12 CFR 704
- **Publication date:** 2020-11-12
- **Effective date:** 2020-12-14
## Abstract

The NCUA Board (Board) is issuing a final rule that amends the NCUA's corporate credit union regulation. The final rule updates, clarifies, and simplifies several provisions of the NCUA's corporate credit union regulation, including: Permitting a corporate credit union to make a minimal investment in a credit union service organization (CUSO) without the CUSO being classified as a corporate CUSO under the NCUA's rules; expanding the categories of senior staff positions at member credit unions eligible to serve on a corporate credit union's board; and amending the minimum experience and independence requirement for a corporate credit union's enterprise risk management expert.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/11/12/2020-23185/corporate-credit-unions)
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