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NCUA RIN: 3133-AE99 Publication ID: Fall 2021 
Title: Golden Parachute and Indemnification Payments 
Abstract:

The NCUA Board is considering revising its regulation regarding the prohibition against a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party under certain circumstances. The proposed rule would improve the organization and clarity of the regulation and would include a section on merger-related financial arrangements. The proposal also would amend the regulation to assist FICUs in the identification and processing of golden parachute payments.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 750   
Legal Authority: 12 U.S.C. 1786(t)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2022 
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:
Sarah Chung
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-1178
Fax:703 518-6569
Email: schung@ncua.gov