The NCUA has proposed changes to part 742 of the rules and regulations as they pertain to fixed assets, member business loans and investments. Credit unions are of course invited to make comments regarding these proposed changes.
The proposed changes are quite far reaching. They would repeal regulatory flexibility for credit unions in four areas.
To date, only four credit unions have commented on these proposed changes. At this rate it is almost assured that the NCUA will repeal reg flex.
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