Credit Union Service Organizations (CUSOs)

February 25, 2021 NCUA, Regulation lookup 0

Title:
Credit Union Service Organizations (CUSOs)
Subject: CUSOs
Agency: NCUA
Status: Final rule
Summary:

The NCUA Board (Board) is seeking comment on a proposed rule that would amend the NCUA’s credit union service organization (CUSO) regulation. The proposed rule would accomplish two objectives: expanding the list of permissible activities and services for CUSOs to include originating any type of loan that a Federal credit union (FCU) may originate; and granting the Board additional flexibility to approve permissible activities and services. The NCUA is also seeking comment on broadening FCU investment authority in CUSOs.
FR Doc: 2021-23322
Date proposed: Jan. 14, 2021
Comments due date: April 30, 2021
Effective date:

Nov. 26, 2021
Rule compliance date:
Agency release:

Related Reg Report item(s):

Expanded CUSO lending, subordinated debt buys by corporates, CAMEL + ‘S’, risk-based capital issues get action by NCUA Board