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NCUA | RIN: 3133-AF51 | Publication ID: Fall 2022 |
Title: ●Federal Credit Union Bylaws (Member Expulsion) | |
Abstract:
The NCUA Board intends to amend its regulations to implement the Credit Union Governance Modernization Act of 2022. The proposed rule would amend the federal credit union bylaws. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 701, Appendix A (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1764 |
Legal Deadline:
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Overall Description of Deadline: Under the Credit Union Governance Modernization Act of 2022 (enacted March 2022), the NCUA has 18 months following the date of enactment to develop a policy for which a member may be expelled for cause and implement such policy through rulemaking. A final rule must be issued by September 2023, following a proposed rule. |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rulemakings-proposals-comment | |
RIN Data Printed in the FR: No | |
Agency Contact: Rachel J. Ackmann Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2601 Fax:703 518-6569 Email: rackmann@ncua.gov |