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NCUA | RIN: 3133-AE17 | Publication ID: Spring 2013 |
Title: ●Charitable Contributions | |
Abstract: The proposed rule addresses credit unions' contributions to fund charitable trusts. It amends section 703.16 to exclude such contributions from the scope of NCUA's rules and restrictions on investments by a federal credit union. The rule also amends section 721.3 to characterize making such contributions as an approved incidental power when the trust meets certain terms and conditions. | |
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 721.3 12 CFR 703.16 | |
Legal Authority: 12 USC 1757(17) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.ncua.gov/Legal/Regs/Pages/PropRegs.aspx | |
RIN Data Printed in the FR: No | |
Agency Contact: Steven W. Widerman Senior Staff Attorney, Office of General Counsel National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6557 Fax:703 837-2779 Email: widerman@ncua.gov |