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| NCUA | RIN: 3133-AD75 | Publication ID: Spring 2011 |
| Title: Low-Income Definition | |
| Abstract: NCUA amended 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 clarifies 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: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| 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: Regina M. Metz Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6561 Fax:703 518-6569 Email: rmetz@ncua.gov |
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