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NCUA RIN: 3133-AF51 Publication ID: Spring 2023 
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 (Governance Modernization Act). The proposed rule would amend the federal credit union bylaws.  The public comment period ended on December 2, 2022, and the Board intends to issue a final rule to adopt the proposal, as required by the Governance Modernization Act).

 
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 
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: The NCUA Board (Board) intends to amend its regulations to implement the Credit Union Governance Modernization Act of 2022. The Board issued a proposed rule to implement the Act by amending the federal credit union bylaws. Comments were due December 2, 2022, and the Board is currently reviewing them.

Timetable:
Action Date FR Cite
NPRM  10/03/2022  87 FR 59740   
NPRM Comment Period End  12/02/2022 
Final Action  06/00/2023 
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/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