Corporate Credit Unions

February 22, 2021 NCUA, Regulation lookup 0

Title:
Corporate Credit Unions
Subject: Corporate credit unions; subordinated debt
Agency: NCUA
Status: Final rule
Summary:

The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final rule updates the definitions in this regulation and makes clear that corporate credit unions may purchase subordinated debt instruments issued by natural person credit unions. The final rule also specifies the capital treatment of these instruments for corporate credit unions that purchase them.
FR Doc: 2021-01399
Date proposed: Feb. 20, 2020
Comments due date: July 27, 2020
Effective date:

Jan. 1, 2022
Rule compliance date:
Agency release:

Related Reg Report item(s):

Proposal would allow corporates to invest in credit union subordinated debt – but only after capital deduction