Data / Federal rules / 2024-16227
Succession Planning
The National Credit Union Administration published this proposed rule in the Federal Register on July 25, 2024. Comments closed on September 23, 2024.
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What the agency says
On February 3, 2022, the NCUA Board (Board) published a proposed rule to require Federal credit union (FCU) boards of directors to establish processes for succession planning for key positions. Based on the public comments received in response to the proposal, and upon further consideration of the issues involved, the Board is publishing this second proposed rule addressing succession planning. The new proposal is based on the earlier proposed rule but includes several changes that the Board believes will further strengthen succession planning efforts for both consumer FCUs and consumer federally insured, State-chartered credit unions (FISCUs).
Key facts
- Document number
- 2024-16227
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- National Credit Union Administration
- Published
- July 25, 2024
- Comments due
- September 23, 2024
- Dates
- Comments must be received on or before September 23, 2024.
- Docket
- NCUA-2024-0037
- Regulation ID (RIN)
- 3133-AF42
- Code of Federal Regulations
- 12 CFR 701; 12 CFR 741
- Topics
- Bank deposit insurance; Credit; Credit unions; Reporting and recordkeeping requirements
- Pages
- 8
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|---|---|---|
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Everything from the National Credit Union Administration · Rules on bank deposit insurance · Rules on credit · Rules on credit unions · Published in July 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.