Charitable Donation Accounts



Charitable Donation Accounts

Subject: Incidental powers
Agency: NCUA
Proposed rule

The NCUA Board (Board) is proposing to amend the charitable donation accounts (CDA) section of the NCUA’s incidental powers regulation. Specifically, the Board is proposing to add “war veterans’ organizations” (“veterans’ organizations”), as defined under section 501(c)(19) of the Internal Revenue Code, to the definition of a “qualified charity” that a federal credit union may contribute to using a CDA. The Board is also asking if there are other groups, entities, or organizations the Board should consider adding to the definition of a “qualified charity” to inform potential future rulemaking in this area.

FR Doc: 2023-11556
Date proposed: May 25, 2023
Comments due date: July 31, 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