National Credit Union Administration December 2017 – Federal Register Recent Federal Regulation Documents

Agency Reorganization; Correction
Document Number: 2017-27962
Type: Rule
Date: 2017-12-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA is correcting a final rule that appeared in the Federal Register on December 20, 2017. The document implemented certain features of the NCUA reorganization that the NCUA Board announced earlier this year. This correction amends one reference within the document.
Agency Reorganization
Document Number: 2017-27411
Type: Rule
Date: 2017-12-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (``Board'') is issuing a final rule to implement certain features of the NCUA reorganization that the Board announced earlier this year. This rule amends the NCUA's regulations related to the organization of the NCUA's Central Office.
Emergency Mergers-Chartering and Field of Membership
Document Number: 2017-27410
Type: Rule
Date: 2017-12-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing this final rule to amend, in its Chartering and Field of Membership Manual, the definition of the term ``in danger of insolvency'' for emergency merger purposes. The previous definition, adopted in 2010 (2010 definition), required a credit union to fall into at least one of three net worth categories over a period of time to be ``in danger of insolvency.'' For two of those three categories, the final rule lengthens by six months the forecast horizons, the time periods in which the NCUA projects a credit union's net worth will decline to the point that it falls into one of the categories. This extends the time period in which a credit union's net worth is projected to either render it insolvent or drop below two percent from 24 to 30 months and from 12 to 18 months, respectively. Additionally, the final rule adds a fourth category to the three existing net worth categories to include credit unions that have been granted or received assistance under section 208 of the Federal Credit Union Act (FCU Act) in the 15 months prior to the NCUA regional office's determination that the credit union is in danger of insolvency.
Agency Information Collection Activities: Proposed Collections; Comment Request
Document Number: 2017-27254
Type: Notice
Date: 2017-12-19
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following renewals of currently approved collections, as required by the Paperwork Reduction Act of 1995.
Sunshine Act Meeting
Document Number: 2017-26749
Type: Notice
Date: 2017-12-11
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collections; Comment Request
Document Number: 2017-26361
Type: Notice
Date: 2017-12-07
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following renewals of currently approved collections, as required by the Paperwork Reduction Act of 1995.