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Organization and Operations of Federal Credit Unions

NCUA · final-rule · Published 1995-10-04 · Effective 1995-10-04 · 60 FR 51886

Document

Document number
95-24688
Federal Register citation
60 FR 51886
CFR reference
12 CFR 701
Type
Rule
Action
Final rule
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1995-10-04
Effective date
1995-10-04

Abstract

Currently, NCUA Rules and Regulations prohibit officials and certain employees of federally insured credit unions from receiving either incentive pay or outside compensation for certain activities related to credit union lending. To reduce regulatory burden, the NCUA Board is amending the regulations to give member-elected credit union boards more flexibility to determine compensation policies, including the use of incentive pay.

Source

Authoritative
Federal Register document
Machine
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