World Council of Credit Unions
Facebook  Twitter  LinkedIn  YouTube 

Policy & Advocacy


Your gift will make a difference in the lives of people who survive on less than $1 a day. Learn more.

Give Today!



IRS FATCA Final Regulation Applicable to Non-U.S. & U.S. Credit Unions

The Internal Revenue Service (IRS), the United States tax authority that is a U.S. Treasury Department bureau, issued its 544-page final regulation to implement the Foreign Account Tax Compliance Act (FATCA) on Jan. 17, 2013. FATCA purports to apply to non-U.S. credit unions as well as to U.S. credit unions that make overseas transfers of untaxed proceeds from U.S.-sourced interest and investment income.

You can access World Council's detailed summary of the IRS's proposed FATCA regulation issued in February 2012 here. World Council plans to issue a comprehensive FATCA Compliance Guide for member credit union systems this spring, which will provide additional details and compliance information.

Please see World Council's summary of the IRS FATCA final regulation for more information.

If you have any questions regarding the IRS's FATCA final rule, please contact Chief Counsel and VP for Advocacy & Government Affairs Michael Edwards at

Additional Resources

Home > Policy & Advocacy > FATCA

About World Council of Credit Unions 

Financial Inclusion 

Member Services 

Policy & Advocacy 

Events & Education 

Get Involved