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Bankowość i finanse · 29.11.1995

Investment and Deposit Activities

The regulation governing the investment and deposit activities of natural person credit unions was last revised effective July 30, 1993. Recent events and significant changes in the investment products available in the marketplace have prompted a review of the rules regarding credit unions' investment and deposit activities. The proposed regulation clarifies a number of areas, adds restrictions on some securities which have been determined to be too risky for credit unions, broadens authority in certain areas, and requires that a credit union's staff and board of directors fully understand the potential risk characteristics of its investment options.

Source: Federal Register — National Credit Union AdministrationOpen original release →