# Organization and Operations of Federal Credit Unions
> **US National Credit Union Administration** · Final rule · Published 1995-10-04 · Effective 1995-10-04 · 60 FR 51886
## Document
- **Document number:** 95-24688
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 60 FR 51886
- **CFR reference:** 12 CFR 701
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1995/10/04/95-24688/organization-and-operations-of-federal-credit-unions)
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