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| NCUA | RIN: 3133-AF64 | Publication ID: Spring 2025 |
| Title: Dependent Care and Board Member Expense Reimbursement | |
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Abstract:
The NCUA Board is considering a proposed rule amending its rule governing the reimbursement of reasonable expenses to federal credit union (FCU) officials. The proposed rule would permit FCU boards to adopt policies that allow payment for reasonable dependent care costs incurred by volunteer officials in attending board meetings and carrying out their official board duties. The proposal would add dependent care costs as a reimbursable expense. The proposed amendment would provide FCUs with more flexibility to develop family-friendly policies that ease dependent care costs for volunteer officials, which in some cases may serve as an impediment to volunteering. |
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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: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| EO 14192 Designation: Not subject to, not significant | |
| CFR Citation: 12 CFR 701.33 | |
| Legal Authority: 12 U.S.C. 1756 12 U.S.C. 1761 12 U.S.C. 1761a and 1761b 12 U.S.C. 1766 12 U.S.C. 1782 12 U.S.C. 1784 to 1789 | |
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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 Data Printed in the FR: No | |
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Agency Contact: Keisha Brooks Attorney-Advisor National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 851-1156 Fax:703 518-6569 Email: klbrooks@ncua.gov |
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