NCUA's Regulatory Exemption Ceiling Raised To $50M

Law360, New York (January 11, 2013, 5:36 PM EST) -- The National Credit Union Administration approved a final rule Thursday that exempts federally insured credit unions with less than $50 million in assets from certain capital and risk policy requirements, increasing the threshold from $10 million.

The regulator amended its definition of a "small entity" to cover credit unions beneath the $50 million threshold, a move which makes nearly 2,300 additional credit unions eligible to have their regulatory burdens eased.

“Small credit unions are essential to their communities and fill a niche other financial institutions can't,”...
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