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NCUA RIN: 3133-AF51 Publication ID: Fall 2022 
Title: ●Federal Credit Union Bylaws (Member Expulsion) 
Abstract:

The NCUA Board intends to amend its regulations to implement the Credit Union Governance Modernization Act of 2022. The proposed rule would amend the federal credit union bylaws.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 701, Appendix A     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1764   
Legal Deadline:
Action Source Description Date
Final  Statutory  Credit Union Governance Modernization Act of 2022  09/15/2023 

Overall Description of Deadline: Under the Credit Union Governance Modernization Act of 2022 (enacted March 2022), the NCUA has 18 months following the date of enactment to develop a policy for which a member may be expelled for cause and implement such policy through rulemaking. A final rule must be issued by September 2023, following a proposed rule.

Timetable:
Action Date FR Cite
NPRM  12/00/2022 
Regulatory Flexibility Analysis Required: Undetermined  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/rulemakings-proposals-comment  
RIN Data Printed in the FR: No 
Agency Contact:
Rachel J. Ackmann
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 548-2601
Fax:703 518-6569
Email: rackmann@ncua.gov