The charitable donations accounts final rule is on the agenda of the NCUA's Dec. 12 board meeting released on Thursday.
The proposed rule would establish safeguards for charitable donation accounts including limiting CDA aggregate investments to 3% of the credit union's net worth.
Under the rule, at least 51% of total return from an account must be distributed to one or more qualified charities. Distributions are required to be made no less than every five years.
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