Corporate Credit Unions (Us National Credit Union Administration Regulation) (Ncua) (2018 Edition)

Download or read book Corporate Credit Unions (Us National Credit Union Administration Regulation) (Ncua) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-07 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition) The Law Library presents the complete text of the Corporate Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition). Updated as of May 29, 2018 NCUA is issuing final amendments to its rule governing corporate credit unions. The major revisions involve corporate credit union capital, investments, asset-liability management, governance, and credit union service organization (CUSO) activities. The amendments establish a new capital scheme, including risk-based capital requirements; impose new prompt corrective action requirements; place various new limits on corporate investments; impose new asset-liability management controls; amend some corporate governance provisions; and limit a corporate CUSO to categories of services preapproved by NCUA. In addition, this rulemaking contains conforming amendments to rules governing Prompt Corrective Action (for natural person credit unions); Investments and Deposit Activities (for federal credit unions); Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations; and Involuntary Liquidation of Federal Credit Unions and Adjudication of Creditor Claims Involving Federally Insured Credit Unions. These amendments will strengthen individual corporates and the corporate credit union system as a whole. This book contains: - The complete text of the Corporate Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition) - A table of contents with the page number of each section