View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
NCUA | RIN: 3133-AF21 | Publication ID: Spring 2021 |
Title: Risk-Based Net Worth - COVID-19 Regulatory Relief (Complex Credit Union Threshold) | |
Abstract:
The NCUA Board (Board) issued a proposed rule to raise the asset threshold for defining a credit union as complex for purposes of being subject to any risk-based net worth requirement in part 702 of the NCUA’s regulations. The proposed rule would amend the NCUA’s regulations to provide that any risk-based net worth requirement will be applicable to only a federally insured natural-person credit union (credit union) with quarter-end assets that exceed $500 million and a risk-based net worth requirement that exceeds six percent. This change would remain in place until the risk-based capital (RBC) rule goes into effect. The Board is reviewing the public comments. |
|
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 702 | |
Legal Authority: 12 U.S.C.1766(a) 12 U.S.C. 1790d |
Legal Deadline:
None |
||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Thomas I. Zells Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2478 Fax:703 518-8566 Email: tizells@ncua.gov |