ALEXANDRIA
, Va.
– The NCUA will propose increased capital requirements for corporate credit unions.
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The proposed rules have three levels of minimum capital ratios ranging from 4% to 8%.
The rules would also require all corporate board members be a CE0, chief financial officer or chief operating officer of a credit union or member entity. All senior officer and board member compensation must be disclosed.
The board is also slated to vote on a $2.9 million budget for the agency for 2010, which is a 13% increase over the current budget and includes 74 new positions.
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