NCUA removes outdated policy statement regarding credit union membership rules
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Table of Contents
The National Credit Union Administration (NCUA) is canceling an old policy called Interpretive Ruling and Policy Statement 06-1. This specific ruling used to provide guidance on how federal credit unions could add underserved areas to their membership base.
Why it matters: This is a minor administrative cleanup intended to simplify compliance by removing redundant paperwork.
Who it affects
- Federal credit unions looking to expand their membership into underserved areas
This information comes from the National Credit Union Administration; readers should consult the official Federal Register entry before making regulatory decisions.
Agency: National Credit Union Administration
Source: Federal Register — read the official document