NCUA removes regulations regarding loans to other credit unions
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Table of Contents
The National Credit Union Administration (NCUA) has issued a final rule that removes specific regulations governing how credit unions approve and manage loans made to one another.
Why it matters: This is primarily an administrative cleanup to remove outdated regulatory language. It does not change the underlying legal requirements for these loans, but it changes how those requirements are documented in the official code.
Who it affects
- Federal credit unions
This information comes from a final rule published by the National Credit Union Administration; readers should consult the Federal Register before making compliance decisions.
Agency: National Credit Union Administration
Source: Federal Register — read the official document