The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; National Credit Union Administration (federal)
- Level
- Federal
- Authority
- 12 U.S.C. § 1795f; CARES Act § 4016
- Issued
- 2020-04-01 Apr. 1, 2020
- Effective
- April 2020 (CARES Act § 4016 effective March 27, 2020) (read as 2020-03-27)
- End
- 2020-12-31 (CARES Act sunset; later extended by Congress to Dec. 31, 2021) (read as 2020-12-31)
- In force
- Mar. 27, 2020 to Dec. 31, 2020
- Quarters
- 2020 Q22020 Q32020 Q4
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- federally insured credit unions and corporate credit unions
- Functions reached
- OP liquidity management
- BL
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
[Following the] Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, [the NCUA encourages credit unions to] join as soon as possible, either as regular members or through an agent member.
Enforcement
Notes
Companion to the CLF interim final rule (Ex. 041)
Retrieval noteMonth-dated letter (April 2020); live NCUA page. Cite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).