{"id":"AGY-FED-FINANCIAL-042","kind":"context","level":"federal","jurisdiction":"United States; National Credit Union Administration (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"NCUA","authority":"12 C.F.R. § 701.34(a)","instrument":"Letter to Credit Unions 20-CU-16","title":"Low-Income Designations: Qualification of Military Personnel","dateIssued":"2020-05-01","effective":"May 2020 (NCUA news release of May 7, 2020)","end":"Permanent methodology change","startDate":"2020-05-07","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["federally insured credit unions serving military personnel"],"clause":"[The NCUA is changing its approach to] determining whether a credit union qualifies for the low-income designation by fully considering military personnel. The new approach will provide full benefit to credit unions [serving members with APO and FPO addresses].","enforcement":"12 C.F.R. § 701.34","functions":["OP regulatory status (LICU powers: secondary capital, member business loan cap exemption, grants)","BL","CB"],"notes":"The \u0027LICU action\u0027 of the assignment: an NCUA measure announced as pandemic relief that expanded low-income designations (and the associated lending flexibility) to credit unions serving military members","sourceUrl":"https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/low-income-designations-qualification-military-personnel","snapshot":"","fileExists":true,"fileBytes":181884,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-042","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-042","citation":"NCUA, Letter to Credit Unions 20-CU-16 (May 1, 2020) (Ex. AGY-FED-FINANCIAL-042)","stateName":"","related":["AGY-FED-FINANCIAL-043","AGY-FED-FINANCIAL-036","AGY-FED-FINANCIAL-103","AGY-FED-FINANCIAL-038","AGY-FED-FINANCIAL-034","AGY-FED-FINANCIAL-037","AGY-FED-FINANCIAL-035","AGY-FED-FINANCIAL-033","AGY-FED-FINANCIAL-031","AGY-FED-FINANCIAL-032","AGY-FED-FINANCIAL-046"]}