NCUA · final-rule · Published 1997-12-04 · 62 FR 64148
Document
Document number
97-31503
Federal Register citation
62 FR 64148
CFR reference
12 CFR 704
Type
Rule
Action
Final rule; delay of compliance.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1997-12-04
Abstract
On March 7, 1997, the NCUA Board issued final amendments to part 704 of the NCUA Rules and Regulations, which governs corporate credit unions. The effective date of the final amendments is January 1, 1998. While the effective date remains the same, this document delays mandatory compliance with the final amendments until May 1, 1998. The delay gives corporate credit unions more time to meet the capital, staff, and infrastructure requirements of the new regulation.