WASHINGTON – The NCUA approved a proposal Thursday at the agency's monthly board meeting that would remove any limits associated with the level of fixed assets.
The NCUA received 36 comments on the original fixed assets proposed rule, which was approved at the NCUA board meeting in July of last year.
"While most supported additional flexibility, many also said that neither the 5% aggregate threshold or the Fixed Asset Management process were needed," NCUA Board Vice Chairman Rick Metsger said. "Today the board is taking those comments to heart by issuing a new rule incorporating both of those suggestions."
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