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Reform

Reform Actions

NCUA has taken important steps to strengthen the corporate credit union system regulation.

During the transition period credit unions will make important choices about the future of the conserved corporate credit unions. This comprehensive plan will ensure that the nation’s credit union system will remain safe and sound.

In the table below, click on the links to read about the revised corporate credit union rule, part 704 of NCUA Rules and Regulations.


THESE DOCUMENTS ARE BEING PROVIDED FOR INFORMATION PURPOSES ONLY, AND DO NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, SECURITIES. THEY DO NOT PURPORT TO BE ALL-INCLUSIVE OR TO CONTAIN ALL OF THE INFORMATION THAT A PROSPECTIVE INVESTOR MAY REQUIRE TO MAKE A FULL ANALYSIS OF THE SECURITIES TRANSACTIONS REFERENCED HEREIN. THE INFORMATION CONTAINED HEREIN REGARDING SECURITIES TRANSACTIONS WILL BE SUPERSEDED, AND IS QUALIFIED IN ITS ENTIRETY, BY INFORMATION CONTAINED IN THE DEFINITIVE OFFERING DOCUMENTS FOR THE SECURITIES TRANSACTIONS. OFFERS OF SECURITIES WILL BE MADE ONLY THROUGH THE DELIVERY OF DEFINITIVE OFFERING DOCUMENTS FOR THE SECURITIES TRANSACTIONS AND IN ACCORDANCE WITH APPLICABLE SECURITIES LAWS.

Document Number Title Description of Contents
CSR-3 Glossary of Terms A glossary of terms used in corporate system resolution documents.
CSR-19 Letter to Credit Unions: Corporate Rule part 704
10-CU-20
Announcing the new corporate credit union rule.
CSR-28 Letter to Credit Unions: Corporate Rule part 704
10-CU-20-Attachment
Attachment to Letter to Credit Unions summarizing the corporate credit union rule, part 704.
CSR-20 Frequently Asked Questions: Corporate Rule part 704 Questions and answers regarding the new corporate credit union rule, primarily focusing on capitalization of corporates under the new rule.
CSR-27 Corporate Rule Side-By-Side Comparison A 3-column side-by-side comparison of the old corporate regulation, proposed regulation, and final regulation.
CSR-29 Kamakura Report External analysis and report of the new corporate rule.
CSR-25 NCUA Response to Kamakura Report NCUA summary and discussion of proposed corporate rule revision.
CSR-26 Kamakura Report- Supporting Documentation Kamakura's supporting documentation for their report on the proposed revisions to the NCUA corporate rule.
CSR-31 Proposed IRPS-Guidelines for Chartering a Federal Corporate Credit Union A proposed Interpretive Ruling and Policy Statement setting forth the requirements and process for chartering corporate federal credit unions.
CSR-34 Board Approved Corporate Rule Full text of the corporate rule part 704, as approved by the NCUA Board 9/24. The official version will be published in the Federal Register a few weeks after board approval.
CSR-40 Fact Sheet: Corporate Credit Union System Transition Period Timelines Details various aspects relating to capital standards for corporate credit unions and relevant timelines and considerations for members of bridge corporate credit unions as well as members of all other corporates.
CSR-41 Fact Sheet: Corporate Credit Union System - Capital Escrow Accounts A fact sheet describing the capital escrow process recommended for undercapitalized corporate credit unions who choose to pursue recapitalization.
​CSR-42 ​Bridge Corporate Consolidation Policy Statement ​A policy statement to address consolidation of bridge corporate credit unions