# Organization and Operations of Federal Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 1998-12-24 · Effective 1999-01-25 · 63 FR 71213
## Document
- **Document number:** 98-33945
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 63 FR 71213
- **CFR reference:** 12 CFR 701
- **Publication date:** 1998-12-24
- **Effective date:** 1999-01-25
## Abstract

The NCUA is incorporating into its regulations the agency's longstanding interpretation that federal credit unions can permit a nonmember to assume a member's long-term residential real estate loan in conjunction with the nonmember's purchase of the member's principal residence.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/12/24/98-33945/organization-and-operations-of-federal-credit-unions)
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