WASHINGTON - The National Credit Union Administration is giving its old computers to small, nonautomated institutions to help them comply with the Truth-in-Savings Act.

The agency began shipping them out early last month, and credit unions in the Northeast and Southeast have already received them.

Although most credit unions are now in compliance with Truth-in-Savings, nonautomated institutions with less than $2 million of assets have until Jan. 1 to adhere to the rules.

There are approximately 1,200 such institutions, according to the agency.

The NCUA will ship to credit unions a total of 321 computers which became available after the agency upgraded its field examiners' equipment.

NCUA examiners will also help train the credit union employees to use the computers.

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