BOSTON — NCUA Chairman Debbie Matz on Friday revealed some new details regarding a proposed rule under development that would increase net worth requirements for credit unions with more than $50 million in assets.

Matz made the announcement during her general session address at NAFCU's 46th Annual Convention in Boston.

Matz said the current 7% net worth requirement would remain the floor requirement, as defined by the Federal Credit Union Act. However, credit unions with more than $50 million in assets would be subject to higher risk-based net worth requirements.

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