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NCUA RIN: 3133-AF21 Publication ID: Spring 2021 
Title: Risk-Based Net Worth - COVID-19 Regulatory Relief (Complex Credit Union Threshold) 

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
Action Date FR Cite
NPRM  02/23/2021  86 FR 10872   
NPRM Comment Period End  03/25/2021 
Final Action  07/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
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