Federal Credit Union Occupancy, Planning, and Disposal of Acquired and Abandoned Premises - 12 CFR 701.36

Section 107(4) of the Federal Credit Union Act authorizes a federal credit union (FCU) to purchase, hold, and dispose of property necessary or incidental to its operations. Section 701.36 of NCUA Rules and Regulations interprets and implements this provision of the FCU Act by establishing occupancy, planning, and disposal requirements for acquired and abandoned premises. It also prohibits certain transactions. In addition, this section includes provisions in which an FCU may seek a waiver from certain requirements of the rule. NCUA reviews written waiver requests and makes a determination on the request based on safety and soundness considerations.

The latest form for Federal Credit Union Occupancy, Planning, and Disposal of Acquired and Abandoned Premises - 12 CFR 701.36 expires 2023-12-31 and can be found here.