WASHINGTON - Figuring out what qualifies as "complex" is not exactly easy following NCUA's proposed rule on complex credit unions. Credit unions having a tough time understanding NCUA's proposed rule on "complex" credit unions can log onto NAFCU's Web site (www.nafcunet.org) to find out if they meet the complex criteria. NAFCU has unveiled a "complex" credit union calculator on its Web site to help credit unions determine if they are "complex" as defined in NCUA's proposed rule. "We want to give credit unions the opportunity to know quickly whether they are complex and then immediately be able to calculate their potential risked-based net worth requirements," said NAFCU President Fred Becker. The calculator is free for all credit unions.
NAFCU site has "complex" calculator
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