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ALEXANDRIA, Va. — All federal credit unions, not just well-capitalized ones, would be eligible to participate in the Regulatory Flexibility program, according to a proposed rule that the NCUA sent out for a 60-day comment period on Thursday.

The proposal includes the right of all FCUs to: Make charitable contributions outside their field of membership; accept up to 20% of their total shares or $3 million (whichever is higher) in non-member deposits; take up to six years to partially occupy unimproved property they have purchased; and purchase zero-coupon investments with maturity dates up to 10 years, with the provision that CAMEL 1 and 2 institutions can purchase those investments with maturity dates up to 30 years.

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