The purpose of the letter is to provide guidance to federal credit unions on the establishment and operation of third party brokerage arrangements for sales of nondeposit investment products. While this letter is only addressed to federal credit unions, concepts may apply to state credit unions. This letter supersedes and replaces NCUA’s Letter to Credit Unions No. 150 (December 1993).
NCUA: Letter to FCUs No. 10-FCU-03 – Sales of Nondeposit Investments (December 2010)
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