Regulatory Report
Regulatory Report
  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other
What's up
  • [ April 23, 2026 ] Agencies finalize lower community bank leverage ratio; no changes from last fall’s proposal FDIC
  • [ April 23, 2026 ] Higher interest rate risk top hazard for banks in 2025; CRE showed continued weakness FDIC
  • [ April 23, 2026 ] NCUA seeks credit unions’ input on streamlining call report, profile data collection NCUA
  • [ April 21, 2026 ] Proposed rule changes would make it easier for credit union boards to consider conversions, mergers to banks NCUA
  • [ April 21, 2026 ] FDIC deploys relief for banks serving WA areas affected by storms, flooding, more FDIC
HomeFederal financial regulationNCUAProposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs

Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs

May 25, 2023 NCUA 0

Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board.

The proposed rule would revise Part 721 of the agency’s rules and regulations, which cover federal credit union incidental powers, to define war veterans organizations as “qualified” entities that could receive the contributions through a CDA. With this proposed rule, the agency board, to ensure the authority only focuses on organization that are both non-profit and charitable, would limit the use of CDA funds to making charitable contributions or donations to organizations that are both non-profit and charitable in nature. To that end, this proposed rule focuses on “veterans’ organizations” as defined by section 501(c)(19) of the Internal Revenue Code.

Such organizations, among other things, must be organized in the United States or any of its possessions; and at least 75% of its members must be past or present members of the United States Armed Forces, the proposal states. It adds that at least 97.5% of such organizations’ members must be:

  • present or former members of the United States Armed Forces,
  • cadets (including only students in college or university ROTC programs or at Armed Services academies), or
  • spouses, widows, widowers, ancestors, or lineal descendants of individuals referred to in the first or second bullet.

The proposed rule also explains what a qualified group’s purpose may be and lists additional qualifications for an auxiliary unit or society of a veterans’ post or organization, or a trust or foundation for a veterans’ post or organization.

It provides that “no part of its net earnings may inure to the benefit of any private shareholder or individual.”

The agency is also seeking input on what other types of entities should be included within the “qualified charity” provision of the CDA rule.

Comments will be due 60 days after the proposal is published in the Federal Register.

NCUA Board Approves Proposal to Include Veterans Organizations in Charitable Donation Accounts

Draft Federal Register notice

Related

Today

  • Agencies finalize lower community bank leverage ratio; no changes from last fall’s proposal

    April 23, 2026 0
    Community banks will have “greater flexibility to use a simpler measure of capital adequacy and reduce regulatory burden” under a final rule issued Thursday by federal banking regulators. According to the agencies, the rule modifies the so-called community bank leverage [...]
  • Higher interest rate risk top hazard for banks in 2025; CRE showed continued weakness

    April 23, 2026 0
    Elevated interest rate risk was the top peril for banks in 2025, the federal bank deposit insurance agency said Thursday, but a changing interest rate environment gave the institutions better net interest margins (NIMs), according to the annual risk review [...]
  • NCUA seeks credit unions’ input on streamlining call report, profile data collection

    April 23, 2026 0
    Input from credit unions on how to “enhance and streamline” the agency’s data collections – in particular, through the 5300 Call Report, 5310 Corporate Call Report, and Form 4501A Profile – is being sought by the National Credit Union Administration [...]
  • Proposed rule changes would make it easier for credit union boards to consider conversions, mergers to banks

    April 21, 2026 0
    Conversion or merger of a credit union into a bank would be made easier for a credit union board to propose and decide under the latest round of deregulation proposals issued by the federal regulator Tuesday. The National Credit Union [...]
  • FDIC deploys relief for banks serving WA areas affected by storms, flooding, more

    April 21, 2026 0
    Measures aimed at helping banking institutions and communities in Washington affected by severe storms, straight-line winds, and other damaging events in December was announced Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said in a [...]
  • FDIC seeks papers for September research conference

    April 20, 2026 0
    A call for theoretical and empirical appers on banking issues was issued Monday for the Federal Deposit Insurance Corp. (FDIC) 25th Annual Bank Research Conference, slated Sept. 24-25 in Arlington, Va. The agency said topics for papers may include, but [...]
  • Banking regulators revise model risk management guidance, rescind previous

    April 17, 2026 0
    The three federal prudential banking regulators on Friday issued revised model risk management guidance generally applicable to banking organizations with more than $30 billion in total assets. The Federal Deposit Insurance Corp. (FDIC), in a release, said the guidance “does [...]

Resources

  • About
  • Get our daily reports
    • Registration
  • Password Reset
  • Reg lookup
  • Profile

Follow @editorregreport

  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other

Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info