NCUA updates rules for disclosing insurance coverage on nonmember accounts
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Table of Contents
The National Credit Union Administration (NCUA) is changing its regulations regarding how federally insured credit unions disclose insurance coverage.
Why it matters: This is a minor administrative change that reduces the amount of specific language credit unions must include in their disclosures when certain accounts are not covered by federal insurance.
Who it affects
- Federally insured credit unions
This information comes from the National Credit Union Administration; readers should consult the Federal Register for the full text before relying on these changes.
Agency: National Credit Union Administration
Source: Federal Register — read the official document