Public Unit and Nonmember Shares

Title: Public Unit and Nonmember Shares
Subject: Nonmember deposits
Agency: NCUA
Status: Proposed rule
Summary:
The NCUA Board (Board) is proposing to amend the NCUA’s public unit and nonmember share rule to allow Federal credit unions (FCU) to receive public unit and nonmember shares up to 50 percent of the credit union’s paid-in and unimpaired capital and surplus less any public unit and nonmember shares.
FR Doc:
Date proposed: May 23, 2019
Comments due date:

July 29, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

More public unit and nonmember shares would be OK for credit unions under NCUA proposed rule

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