Federal Register - Credit UnionsProposalsTexas Relevant
Limits on Loans to Other Credit Unions
By National Credit Union Administration
Summary
- The NCUA Board is proposing to remove regulations related to approval and policies on making loans to other credit unions.
- Federally insured state-chartered credit unions will still be subject to statutory requirements and any applicable NCUA or state laws.
Why It Matters for Texas Credit Unions
This proposal affects all federally insured credit unions, including those in Texas.
Original Source Material
The NCUA Board (Board) seeks comment on a proposed rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in regulation, Federal Credit Unions would remain subject to statutory requirements related to making loans to credit unions. Federally insured state-chartered credit unions would remain subject to any other applicable NCUA or state law or regulation.