# Organization and Operations of Federal Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 1999-12-27 · Effective 2000-01-26 · 64 FR 72269
## Document
- **Document number:** 99-33274
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 64 FR 72269
- **CFR reference:** 12 CFR 701
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1999/12/27/99-33274/organization-and-operations-of-federal-credit-unions)
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