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| NCUA | RIN: 3133-AD75 | Publication ID: Fall 2010 |
| Title: ●Low-Income Definition | |
| Abstract: NCUA is amending the definition of "low-income members" to clarify that, in determining if a credit union qualifies for a low-income designation, the comparison of credit union data, whether individual or family income data, must be with statistical data for the same category. The amendment will clarify the intention of the original regulatory text so it is consistent with the geo-coding software the agency uses to make the low-income credit union designation. | |
| Agency: National Credit Union Administration(NCUA) | Priority: Other Significant |
| RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 12 CFR 701.34 | |
| Legal Authority: 12 USC 1757(6) | |
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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: ncua.gov/Resources/RegulationsOpinionsLaws/FinalRegulations.aspx | Public Comment URL: www.regulations.gov/search/Regs/home.html#home |
| RIN Data Printed in the FR: No | |
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Agency Contact: Sheila Albin Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: sheilaa@ncua.gov |
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