NCUA FOM – Does this new rule affect state chartered credit unions?

Compliance > NCUA
Q:  Does this new rule affect state chartered credit unions?
 
A:  The new rule does not directly apply to state-chartered credit unions.  However, some states have parity provisions in their laws which could result in changes based on NCUA’s new rule.  We recommend state-chartered credit unions discuss this matter with their respective state regulators.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s website, Chartering and Field of Membership Resources page -    https://www.ncua.gov/services/Pages/field-of-membership-chartering.aspx
 

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