Comments Due to NAFCU: National Credit Union Administration - Combination Transactions With Non-Credit Unions; Credit Union Asset Acquisitions
NAFCU would like to highlight the following:
- The proposed rule specifies the scope of Section 741.8 of the NCUA's regulations, which currently requires a FICU to obtain NCUA approval before it may purchase loans or assume an assignment of deposits, shares, or liabilities from any institution that is not insured by the National Credit Union Share Insurance Fund (NCUSIF).
Comments due to NAFCU: March 27, 2020
Comments due to NCUA: March 30, 2020
NAFCU will send comments on behalf of its members to the NCUA by their deadline (March 27, 2020).