This rule prohibits, in certain circumstances, a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party (IAP). Section 750.6 requires requests by a troubled FICU to make a severance or golden parachute payment to an IAP to be submitted in writing to NCUA. The information will be used by the NCUA to determine whether an exception to the general prohibition on golden parachute payments should be approved.
The latest form for Golden Parachute and Indemnification Payments, 12 CFR Part 750 expires 2021-10-31 and can be found here.
Document Name |
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Supplementary Document |
Supporting Statement A |
Approved without change |
Extension without change of a currently approved collection | 2021-10-29 | |
Approved without change |
Extension without change of a currently approved collection | 2018-03-19 | |
Approved without change |
Reinstatement with change of a previously approved collection | 2015-01-23 | |
Approved without change |
New collection (Request for a new OMB Control Number) | 2011-11-21 | |
Comment filed on proposed rule |
New collection (Request for a new OMB Control Number) | 2011-05-13 |