Removing Barriers Blog

NCUA Extends Deadline on Combination Transactions Rule
Posted March 30, 2020 by dyi

The NCUA Board voted to extend the comment call period on the proposed rule on combination transactions by 60 days with a new deadline of May 30, 2020. 

CUNA has already submitted comments to the NCUA on this proposed rule. "The proposal essentially codifies current requirements and practices related to combination transactions with non-credit unions. While the proposal does not introduce much that is new, we believe codifying and centralizing the existing requirements will aid credit unions pursuing such transactions," the letter said. 

The new due date will be published in the Federal Register.