National Credit Union Administration August 8, 2016 – Federal Register Recent Federal Regulation Documents

Written Reimbursement Policy
Document Number: 2016-18750
Type: Notice
Date: 2016-08-08
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35). The purpose of this notice is to allow for 60 days of public comment. Each FCU must draft a written reimbursement policy to ensure that the FCU makes payments to its director within the guidelines that the FCU has established in advance and to enable examiners to easily verify compliance by comparing the policy to the actual reimbursements.