ALEXANDRIA, Va. — Federally insured credit unions will have more flexibility in their advertising and the rules regarding the use of the Freedom of Information Act to attain information were clarified at today's NCUA board meeting.
The board unanimously approved the rule, which will permit insured credit unions, in addition to using the official advertising statement in its advertisements, to use the shortened statement alone or the official sign alone in advertisements.
The official statement is: "This credit union is federally insured by the National Credit Union Administration." Currently, the regulation permits shortening the official statement to "Federally insured by NCUA" if used with a reproduction of the official sign.
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