NCUA Board Approves Interim Final Rule on Asset Reporting

CUs may use asset data from the end of March 2020 to determine whether they are subject to capital planning and stress testing.

By David Baumann | March 18, 2021 at 02:39 PM

The NCUA board on Thursday approved an interim final rule that will allow large credit unions to use their March 31, 2020 asset data for certain reporting, in an effort to ensure that credit unions are not subject to heightened regulatory requirements merely because of high deposit growth caused by the pandemic.

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