| Title: |
Charitable Donation Accounts |
| Subject: | Incidental powers |
| Agency: | NCUA |
| Status: |
Final rule
|
| Summary: |
The NCUA Board (Board) is amending the charitable donation accounts (CDAs) section of the NCUA’s incidental powers rule. Specifically, the Board is adding a post or organization of past or present members of the Armed Forces of the United States, or an auxiliary unit or society of, or a trust or foundation for, any such post or organization recognized as exempt from taxation under section 501(c)(19) of the Internal Revenue Code (veterans’ organizations) to the definition of a “qualified charity” that a Federal credit union may contribute to using a CDA. |
| FR Doc: | 2023-25749 |
| Date proposed: | May 25, 2023 |
| Comments due date: | Dec. 21, 2023 |
| Effective date: |
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| Rule compliance date: | |
| Agency release: | |
| Related Reg Report item(s): |
Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs |