NCUA Amends Regulations Regarding Loans and Lines of Credit to Members of Federal Credit Unions

In Client and Friends Memos by BMG Memorandum

In the March 25, 2019, issue of the Federal Register (84 FR 10971), the NCUA published a final rule amending its regulations regarding loans and lines of credit to federal credit union members. The final rule’s amendments identify in one section all of the various maturity limits applicable to federal credit union loans, states that the maturity date for a new loan under generally accepted accounting principles (GAAP) is calculated from the origination date of the new loan, and more clearly expresses the limits for loans to a single borrower or group of associated borrowers.

Full Memorandum