# Corporate Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2021-02-23 · Effective 2022-01-01 · 86 FR 10729
## Document
- **Document number:** 2021-01399
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 86 FR 10729
- **CFR reference:** 12 CFR 704
- **Publication date:** 2021-02-23
- **Effective date:** 2022-01-01
## Abstract

The NCUA Board (Board) is issuing a final rule that amends the NCUA's corporate credit union regulation. The final rule updates the definitions in this regulation and makes clear that corporate credit unions may purchase subordinated debt instruments issued by natural person credit unions. The final rule also specifies the capital treatment of these instruments for corporate credit unions that purchase them.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2021/02/23/2021-01399/corporate-credit-unions)
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