View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
NCUA RIN: 3133-AC98 Publication ID: Fall 2008 
Title: Designation of Low-Income Status, Receipt of Secondary Capital Accounts by Low-Income-Designated Credit Unions and Community Development Revolving Loan Program for Credit Unions 
Abstract: NCUA has proposed amending the definition of "low-income members" to use median family income or median earnings for individuals instead of median household income when determining if a credit union qualifies for a low-income designation. The amendment would eliminate confusion associated with adjusting median household income for areas with higher costs of living, and better align the low-income definition with underserved area criteria and Community Development Financial Institution criteria. 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 701.34    12 CFR 705.3   
Legal Authority: 12 USC 1752(5), 1757, 1766    42 USC 9822 and 9822 note   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/28/2008  73 FR 22836   
NPRM Comment Period End  06/27/2008    
Final Action  11/00/2008    
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   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Moisette I. Green
Staff Attorney, Office of General Counsel
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6540
Fax:703 518-6319
Email: mgreen@ncua.gov