NCUA Wants Big Credit Unions To Boost Capital Levels

Law360, New York (January 23, 2014, 2:14 PM EST) -- Large credit unions will have to increase the amount of high-quality capital they maintain to those commensurate with banks under a Thursday proposal from the federal regulator overseeing those financial institutions.

The National Credit Union Administration released a proposed rule that would require all credit unions with $50 million or more in total assets to maintain a risk-based capital ratio of 10.5 percent for them to be considered "well capitalized" by supervisors. The regulator is also requiring large credit unions to maintain a 7 percent net...
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