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NCUA | RIN: 3133-AF23 | Publication ID: Spring 2021 |
Title: Field of Membership--Shared Facility Requirements | |
Abstract:
The NCUA Board issued a proposed rule to amend NCUA’s Chartering and Field of Membership Manual to modernize requirements related to service facilities for multiple common bond (MCB) federal credit unions (FCUs). The proposed rule would include any shared branch, shared ATM, or shared electronic facility in the definition of service facility for FCUs participating in a shared branching network. These changes would apply to the definition of service facility both for additions of select groups to MCB FCUs and for expansions into underserved areas. Comments were due February 10, 2021, and the Board is currently reviewing them. |
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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: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701, app. B (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1759(d) 12 U.S.C. 1766(a) |
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: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations/recent-final-interim-final | |
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 |