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Charitable Donation Accounts

MCUA Comment Letter on Charitable Donation Accounts Proposal

Nov
13

The National Credit Union Administration (NCUA) has posted the letters filed for comment on the charitable donation accounts proposed rule, which Credit Union National Association (CUNA), the National Credit Union Foundation (NCUF), and a number of leagues support in principle with a few improvements.

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Posted By Sharon Bahr read more

MCUA Files Comment Letter on Charitable Donation Accounts

Oct
22

Charitable Donation Accounts (CDAs) are hybrid charitable and investment vehicles. They must primarily benefit a charity, such as the National Credit Union Foundation. However, the accounts would also allow federal credit unions to make investments that are otherwise prohibited and could have a higher return as long as the majority of the returns are provided to charities.

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Posted By Sharon Bahr read more
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