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NCUA | RIN: 3133-AE39 | Publication ID: Spring 2015 |
Title: Federal Credit Union Ownership of Fixed Assets | |
Abstract:
NCUA issued a proposal in July 2014 to amend its fixed assets regulation to provide regulatory relief and to enable federal credit unions (FCUs) to better manage their fixed assets. The proposal provided greater flexibility and ease of use to FCUs with respect to the 5 percent aggregate limit on investments in fixed assets and the partial occupancy requirement for premises acquired for future expansion. Based on comments received, NCUA is issuing a second proposal to provide enhanced regulatory relief. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701.36 | |
Legal Authority: 12 U.S.C. 1757 12 U.S.C. 1766 |
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: Pamela Yu Special Counsel to the General Counsel National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: pyu@ncua.gov |