The NCUA Board proposes to rescind IRPS 11-02 regarding corporate credit union charters, deeming it redundant. This action aims to eliminate potential confusion.
Texas Relevance
The article does not mention Texas or any Texas-specific entities and the proposed change applies nationwide.
Original Content
The NCUA Board (Board) is issuing for public comment a proposal to rescind its Interpretive Ruling and Policy Statement (IRPS) 11-02, which addresses chartering corporate credit unions, because it is redundant to the Federal Corporate Credit Union Chartering Manual. This action will eliminate potential confusion.