|Clarissa Martin, Research and Information Consultant for the California and Nevada Credit Union Leagues|
NCUA SIGNAGE: GETTING IT RIGHT
updated 07/09/13 07:04 AM
CU Digest Examines the Rules
When do credit unions need to use the National Credit Union Administration’s (NCUA) official "advertising statement" or display the agency's official sign?
Knowing when, where, and how to use NCUA’s official statement and sign can be confusing.
“Advertisement,” as used in Part 740, means “a commercial message, in any medium, that is designed to attract public attention or patronage to a product or business.”
In 2011, NCUA amended certain provisions of its official advertising statement rule, housed in Part 740 of its Rules and Regulations. The mandatory compliance date for this rule change went into effect Jan. 1, 2012.
Click here to continue reading and discover the requirements, options, and exceptions to the rule within the latest Asked & Answered column on page 18 in the June/July edition of Credit Union Digest!