The Jan. 10 NCUA Board meeting will include a final rule on a proposal that would allow the federal regulator to declare a state-chartered credit union "troubled," a privilege that is currently only available to state regulators.
The proposed rule, introduced in July, was in response to the disagreement in CAMEL ratings between state regulators and the NCUA. Such discrepancies happen 2% to 4% of the time, NCUA Staff Attorney Steve Widerman told the board last summer.
The NCUA Board will also issue a final rule on the updated definition of "small credit union." The proposed rule issued in September calls for an increase in the maximum asset threshold from $10 million to $30 million; trade associations have countered that $50 million or higher is a more reasonable number.
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