Removing Barriers Blog

NCUA Extends Comment Deadline for CUSO Proposal
Posted March 29, 2021 by CUNA Advocacy

NCUA has extended the comment period for the CUSO proposal for an additional 30 days. The revised due date will be around April 30, depending on when the notice is published in the Federal Register.

The proposed rule would accomplish two objectives:

  • It would expand the list of permissible activities and services for CUSOs to include originating any type of loan that an FCU may originate; and
  • It would grant the Board additional flexibility to approve permissible activities and services. The NCUA is also seeking comment on broadening FCU investment authority in CUSOs.

See CUNA’s Comment Call for additional information.