Bankowość i finanse · 26/05/2011

NCUA Bans Golden Parachute Payments to Affiliated Parties

The National Credit Union Administration (NCUA) is issuing a final rule to prevent Federally insured credit unions from making golden parachute and indemnification payments to affiliated parties, aiming to safeguard the National Credit Union Share Insurance Fund (NCUSIF) from potential asset mismanagement and unwarranted rewards.