National Credit Union Administration July 31, 2012 – Federal Register Recent Federal Regulation Documents

NCUA proposes to amend the definition of ``troubled condition'' as that term appears in Sec. 701.14 and elsewhere in NCUA's regulations. Generally, under the current definition, only a state supervisory authority (SSA) may declare a federally insured, state-chartered credit union (FISCU) to be in ``troubled condition.'' The proposal expands the definition to permit either NCUA or an SSA to declare a FISCU to be in ``troubled condition.''