Final amendment to interpretive ruling and policy statement 94- 1 (IRPS 98-1).
Category
interpretive
Agency
US National Credit Union Administration
Publication date
1998-01-29
Effective date
1998-03-01
Abstract
The NCUA Board is updating the requirements for a credit union converting to a community charter. The final amendment deletes the requirement that a credit union converting to a community charter provide evidence of community support, since such evidence is not necessary for the agency to determine the economic viability of the credit union.