National Credit Union Administration December 23, 2010 – Federal Register Recent Federal Regulation Documents

Conversions of Insured Credit Unions
Document Number: 2010-32308
Type: Rule
Date: 2010-12-23
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing final amendments to revise the definition of the phrase ``Regional Director'' in NCUA's rule on credit union to mutual savings bank conversions and to add the same revised definition of that phrase to NCUA's rule on conversions to nonfederal deposit insurance.
The Low-Income Definition
Document Number: 2010-32130
Type: Rule
Date: 2010-12-23
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending the definition of ``low-income members'' to clarify that, in determining if a credit union qualifies for a low- income designation, the comparison of credit union data, whether individual or family income data, must be with statistical data for the same category. The amendment will clarify the intention of the original regulatory text so it is consistent with the geo-coding software the agency uses to make the low-income credit union (LICU) designation.