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NCUA | RIN: 3133-AE71 | Publication ID: Spring 2018 |
Title: Chartering Manual--Community Chartering | |
Abstract:
The NCUA Board (Board) previously proposed amending its chartering and field of membership rules to give applicants for community charter approval the opportunity to submit a narrative to establish common interests or interaction among residents of the area it proposes to serve, thus qualifying the area as a well-defined local community. The Board also proposed to increase up to 10 million the population limit on a community consisting of a statistical area or portion thereof. In addition, the Board proposed permitting a credit union to designate a portion of the area as its community without regard to division boundaries, when such area is subdivided into metropolitan divisions. The NCUA is working towards finalizing the rule. |
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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: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 701 | |
Legal Authority: 12 U.S.C. 1759 |
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/regulation-supervision/Pages/rules/proposed.aspx | |
RIN Data Printed in the FR: No | |
Agency Contact: Marvin Shaw Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6553 Fax:703 518-6569 Email: mshaw@ncua.gov |