National Credit Union Administration December 20, 2006 – Federal Register Recent Federal Regulation Documents

Community Development Revolving Loan Fund for Credit Unions
Document Number: E6-21664
Type: Notice
Date: 2006-12-20
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will accept applications for participation in the Community Development Revolving Loan Fund's Loan Program throughout calendar year 2007, subject to availability of funds. Application procedures for qualified low-income credit unions are in NCUA Rules and Regulations.
Permissible Investments for Federal Credit Unions
Document Number: E6-21662
Type: Rule
Date: 2006-12-20
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending its investments rule to allow federal credit unions (FCUs) to enter into investment repurchase transactions in which the instrument consists of first-lien mortgage notes subject to certain limitations. The final rule expands FCU authority to invest in mortgage-related securities while addressing safety and soundness concerns associated with this new investment activity.