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Organization and Operations of Federal Credit Unions

NCUA · final-rule · Published 1999-12-27 · Effective 2000-01-26 · 64 FR 72269

Document

Document number
99-33274
Federal Register citation
64 FR 72269
CFR reference
12 CFR 701
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1999-12-27
Effective date
2000-01-26

Abstract

The NCUA is issuing a final rule that amends its regulation regarding secondary capital accounts in low-income designated credit unions to specify that interest on these accounts may be accrued in the account, paid directly to the investor, or paid into a separate account from which an investor may make withdrawals. The NCUA believes that these amendments will clarify the permissible alternatives and provide additional flexibility for low-income designated credit unions.

Source

Authoritative
Federal Register document
Machine
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