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NCUA RIN: 3133-AE09 Publication ID: 2012 
Title: ●Designation of Low-Income Status 
Abstract: The NCUA Board proposes to amend its low-income credit unions regulation by extending the time credit unions have to accept a low-income designation. Under the current rule, a Federal credit union (FCU) that has received notification from NCUA that it qualifies for a low-income designation has 30 days to notify NCUA that it wishes to receive the designation. Some FCUs may find it difficult to respond this quickly, so the proposed rule extends the response period to 90 days. The proposed rule also makes minor, nonsubstantive technical amendments to NCUA's insurance regulation to reflect current agency practice in this regard. 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 701.34    12 CFR 741.204   
Legal Authority: 12 USC 1752(5)    12 USC 1757    12 USC 1765 to 1766(a)    12 USC 1781 to 1790    12 USC 1790d    title V, PL 109-351    120 Stat 1966    31 USC 3717   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2012 
NPRM Comment Period End  01/00/2013 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Pamela Yu
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6540
Fax:703 518-6569

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