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    <abstract>NCUA is amending a number of its regulations by making minor technical corrections, clarifications and grammatical changes. Among those amendments is the addition of a cross-reference between two regulations addressing credit union borrowing authority; addition of a statement in the provision on insurance coverage for volunteer officials to note, when a federal credit union (FCU) cancels coverage, it must comply with any other applicable laws allowing an official to continue coverage at his or her own expense; and clarification that indemnification for dual employees is limited to activities on behalf of the FCU. NCUA is also removing certain regulatory references to NCUA's FCU Bylaws that are no longer accurate due to revisions to the Bylaws. The amendments generally are improvements alerting users to other relevant provisions, responsibilities, or limitations.</abstract>
    <identifier type="FR citation">72 FR 30245</identifier>
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        <topic>Credit Unions</topic>
        <topic>Indemnity Payments</topic>
        <topic>Insurance</topic>
        <topic>Investments</topic>
        <topic>Advertising</topic>
        <topic>Consumer Protection</topic>
        <topic>Credit Unions</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
        <topic>Truth in Savings</topic>
        <topic>Liquidations</topic>
        <topic>Appraisals</topic>
        <topic>Credit</topic>
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        <agency order="1">NATIONAL CREDIT UNION ADMINISTRATION</agency>
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        <action>Final rule.</action>
        <summary>NCUA is amending a number of its regulations by making minor technical corrections, clarifications and grammatical changes. Among those amendments is the addition of a cross-reference between two regulations addressing credit union borrowing authority; addition of a statement in the provision on insurance coverage for volunteer officials to note, when a federal credit union (FCU) cancels coverage, it must comply with any other applicable laws allowing an official to continue coverage at his or her own expense; and clarification that indemnification for dual employees is limited to activities on behalf of the FCU. NCUA is also removing certain regulatory references to NCUA's FCU Bylaws that are no longer accurate due to revisions to the Bylaws. The amendments generally are improvements alerting users to other relevant provisions, responsibilities, or limitations.</summary>
        <dates>This rule is effective May 31, 2007.</dates>
        <contact>Annette Tapia or Frank Kressman, Staff Attorneys, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428 or telephone: (703) 518-6540.</contact>
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            <subject>Credit Unions</subject>
                                    
            <subject>Indemnity Payments</subject>
                                    
            <subject>Insurance</subject>
                                
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        <cfr title="12">
                                    
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            <subject>Investments</subject>
                                
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            <subject>Advertising</subject>
                                    
            <subject>Consumer Protection</subject>
                                    
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            <subject>Reporting and Recordkeeping Requirements</subject>
                                    
            <subject>Truth in Savings</subject>
                                
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            <subject>Credit</subject>
                                
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        <tocSubject1>Credit unions:</tocSubject1>
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