2023-11556: Charitable Donation Accounts
Public comment closed .
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The NCUA Board (Board) is proposing to amend the charitable donation accounts (CDA) section of the NCUA's incidental powers regulation. Specifically, the Board is proposing to add "war veterans' organizations" ("veterans' organizations"), as defined under section 501(c)(19) of the Internal Revenue Code, to the definition of a "qualified charity" that a federal credit union may contribute to using a CDA. The Board is also asking if there are other groups, entities, or organizations the Board should consider adding to the definition of a "qualified charity" to inform potential future rulemaking in this area.
The agency’s own summary, as published.
What this changes
Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.
Rulemaking docket
We haven’t pulled this rulemaking’s full docket yet. View docket NCUA-2023-0043 on Regulations.gov →
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