BOSTON — NCUA Chairman Debbie Matz on Friday revealed some newdetails regarding a proposed rule under development that wouldincrease net worth requirements for credit unions with more than$50 million in assets.
Matz made the announcement during her general session address atNAFCU's 46th Annual Convention in Boston.
Matz said the current 7% networth requirement would remain the floor requirement, as defined bythe Federal Credit Union Act. However, credit unions with more than$50 million in assets would be subject to higher risk-based networth requirements.
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