Benefits For Retired Officials Limited

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NCUA said federal credit unions may offer current officials long term care insurance they may not offer such benefits to retired officials.

In a new legal opinion provided Northwest Farmers Insurance Group FCU in Tigard, Ore., NCUA said its rules and regulations prohibit an FCU from providing any insurance benefit to retired officials.

However, "we believe that it ma be permissible to provide current volunteer officials such a benefit, assuming they remain capable of serving in their official capacity," the agency said.

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