NCUA Extends Response Time for Low-Income Designation, Allows More Time for Credit Unions to Accept Secondary Capital Accounts

Summary

The NCUA Board is amending its low-income credit unions regulation to give federal credit unions more time to accept a low-income designation, from 30 days to 90 days, to ensure they have sufficient time to respond.

Original source language: Federal Register — National Credit Union AdministrationOpen original release →

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