Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Comment date set for NCUA Reg Flex plan
WASHINGTON (10/2/08)-Interested parties have until Dec. 1 to comment on a National Credit Union Administration (NCUA) plan to allow credit unions eligible under the Regulatory Flexibility Program (Reg Flex) additional time to occupy properties bought in an unimproved state. The agency approved its proposal for comment at its Sept. 25 open board meeting and yesterday’s Federal Register announced the comment deadline. Currently, when a federal credit union acquires unimproved land for future expansion and does not fully occupy the completed premises within one year, it must partially occupy the property within three years or obtain a waiver. The NCUA proposal would extend that three-year period to six years. Also at the meeting, the NCUA approved two final regulations:
* One revises the agency's rule governing the requirements for use of the official insurance sign and official advertising statement to give credit unions the flexibility to use the basic form of the official statement, a shortened form, or just the official sign. * The other to streamlines the agency's system for complying with freedom of information and privacy laws.
Both rules are effective Oct. 31, according to the Federal Register.
Other Resources

RSS print
News Now LiveWire
.@CUNA OpSS Council bestows inaugural professional award #NewsNow #System http://t.co/xNV3iwSpdx
57 minutes ago
Apartment rental costs continue upward trend via @WSJ http://t.co/LHEAiRJyUj
1 hours ago
Defense CU Council salutes top #Military #creditunions http://t.co/6BGANSXTXC
3 hours ago
#ICUDay sparks month-long campaigns @GCUAGov @NWCUA celebrating #CUDifference See #NewsNow http://t.co/TWoR6vW4Tj
3 hours ago
Social media use helps CUs establish credibility/authenticity says Amaia Stecker, @CUNA sr. social media media mangr. http://t.co/wWAPeDe7UW
4 hours ago