ALEXANDRIA, Va. – NCUA said MEMBERS Trust Co.’s Charitable Lead Trust Program being conducted in partnership with the National CU Foundation is a permissible investment for federal credit unions as long as individual investments made by the Trust are permissible investments under NCUA’s rules and regulations.

In a Feb. 14 letter to MEMBERS Trust President Tom Walker, obtained by the Credit Union Journal, NCUA said it has determined that the Trust is a permissible investment and subject to the agency’s Part 703 investment rules, so that “investments held in the individual Trust vehicles must be investments permissible for a FCU.”

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