From the Archives: April 2013

NCUA REQUEST FOR COMMENT: NCUA Requests Comment on Federal Credit Union Ownership of Fixed Assets 

The NCUA is revising the Fixed Assets rule as a part of the annual review of one-third of its existing regulations. The proposed amendments address frequently asked questions on the rule in regards to occupying unimproved property and the waiver process. The NCUA has stated the goal of the Fixed Asset Amendment is to improve the current rule. The agency clearly states in the proposal that the proposed amendments do not create any new requirements for FCUs and do not make any substantive changes to regulatory requirements. Rather, the amendments only seek to make the regulation better by clarifying its language, and improving its organization, structure and ease of use. Comments on the NCUA’s proposal on fixed assets are due on or before May 20.

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