19-EF-19: NCUA - Exceptions to Employment Restrictions Under Section 205(d) of the Federal Credit Union Act

On December 2, 2019, the National Credit Union Administration (NCUA) published a final Interpretive Ruling and Policy Statement (IRPS) regarding statutory prohibitions imposed by Section 205(d) of the Federal Credit Union Act (FCU Act) (“Second Chance IRPS”). 

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