The National Credit Union Administration board is extending another comment period for a proposed rule.
The public will have an additional 60 days to comment on a proposal that would update certain provisions for corporate credit unions. The changes include allowing corporate credit unions to invest a limited amount in a credit union service organization without the company being considered a corporate CUSO and expanding the type of senior employees who can serve on the corporate CU’s board.
Earlier this week the agency
The corporate credit union rule was proposed during
Some credit union trade groups have