Charitable Donation Accounts



Charitable Donation Accounts

Subject: Incidental powers
Agency: NCUA
Final rule

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:

Rule compliance date:
Agency release:
Related Reg Report item(s):

Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs