On July 12 during a general session at NAFCU's Annual Conferencein Boston, NCUA Chairman Debbie Matz revealed some new detailsregarding a rule under development that would increase net worthrequirements for credit unions with more than $50 million inassets.
Matz said the current 7% net worth requirement would remain thefloor requirement, as defined by the Federal Credit Union Act.However, credit unions with more than $50 million in assets wouldbe subjected to higher risk-based net worth requirements.
“The result would be a higher cap for credit unions with higherconcentrations of risky assets,” Matz said.
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