NCUA Rules definition

NCUA Rules means the official rules promulgated and adopted by the Board of the NCUA and codified in Chapter VII of Title 12, Code of Federal Regulations [12 C.F.R. Parts 700-799, inclusive].
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NCUA Rules means the rules and regulations of the NCUA.
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Examples of NCUA Rules in a sentence

  • Taking any other action deemed appropriate under the circumstances that is not precluded by NCUA Rules and Regulations, the Credit Union’s Bylaws or other applicable federal or state law.

  • Members’ funds are insured to $250,000 per member by the National Credit Union Share Insurance Fund in accordance with the terms and conditions of the National Credit Union Administration’s (NCUA) Rules and Regulations.

  • Taking of other action deemed necessary under the circumstances that is not expressly precluded by the Federal Credit Union Act, the NCUA Rules and Regulations, or the Credit Union's bylaws.

  • Therefore, the Credit Union must comply with Section 701.14 of the NCUA Rules and Regulations by submitting appropriate documentation to the Division and the NCUA containing applications of any proposed changes in the Board of Directors, committee members, or senior executive staff, 30 days prior to the effective date of any changes, and obtain approval from both agencies.

  • The Credit Union is now deemed in “troubled condition” as defined by Section 701.14 of the NCUA Rules and Regulations.

  • For credit unions, ‘‘commercial real estate loans’’ refers to ‘‘commercial loans,’’ as defined in Section 723.2 of the NCUA Rules and Regulations, secured by real estate.

  • Dividends on all accounts are paid as permitted by the Federal Credit Union Act and NCUA Rules and Regulations.

  • Credit Union service organizations ("CUSOs") that are subsidiaries of federally chartered credit unions may only originate and participate in mortgage secured loans pursuant to NCUA Rules and Regulations ' 712.

  • Ensure compliance with NCUA Rules and Regulations Part 748, Appendix A, as it pertains to the information security program.

  • Failing to conduct appropriate reviews of the Allowance for Loan and Lease Losses account, as required by NCUA Rules and Regulations Section 702.402 and NCUA’s Interpretive Ruling Policy Statement 02-03 on the Allowance for Loan and Lease Losses Methodologies and Documentation for Federally-Insured Credit Unions.