19-EF-18: NCUA - Public Unit and Nonmember Shares

On October 31, 2019, the National Credit Union Administration (NCUA) published a final rule to allow federally insured credit unions (FICUs) to receive public unit (e.g., the U.S. government, states, and political subdivisions therein) and nonmember shares up to 50 percent of the credit union's net amount of paid-in and unimpaired capital and surplus less any public unit and nonmember shares.

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