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NCUA RIN: 3133-AF10 Publication ID: Spring 2021 
Title: Combination Transactions With Non-Credit Unions; Credit Union Asset Acquisitions 
Abstract:

The NCUA Board (Board) proposed to create a new subpart D within part 708a to establish requirements related to transactions where a federally insured credit union (FICU) proposes to assume liabilities from an institution other than a credit union. The proposed rule also addresses a FICU’s merger or consolidation with an entity other than a credit union. Finally, the proposed rule includes amendments clarifying the scope and applicability of 741.8 on the purchase of assets and assumption of liabilities.  The Board extended the comment period to June 15, 2020, and is reviewing public comments in anticipation of a potential final rule.

 
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 708a, subpart D    12 CFR 741.8     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1785(b)(1)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/30/2020  85 FR 5336   
NPRM Comment Period End  06/15/2020 
Final Action  06/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations  
RIN Data Printed in the FR: No 
Agency Contact:
Elizabeth Wirick
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6540
Fax:703 518-6569
Email: ewirick@ncua.gov