# Organization and Operations of Federal Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 1995-11-27 · Effective 1996-01-26 · 60 FR 58203
## Document
- **Document number:** 95-28704
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 60 FR 58203
- **CFR reference:** 12 CFR 701
- **Publication date:** 1995-11-27
- **Effective date:** 1996-01-26
## Abstract

The NCUA Board is broadening loan participation authority by removing the requirement that the participation agreement precede the originating loan's disbursement. Deleting this requirement will provide federal credit unions (FCUs) more flexibility to manage liquidity.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/11/27/95-28704/organization-and-operations-of-federal-credit-unions)
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