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NCUA Director of Capital Markets Owen Cole presents the final liquidity rule to the board. Seated at the table, from left, are Michael Fryzel, Debbie Matz and Rick Metsger..

ALEXANDRIA, Va.— The NCUA Board on Thursday approved a final rule requiring federally insured credit unions with more than $50 million in assets to adopt a contingency funding plan that outlines a plan to address liquidity shortfalls during emergency situations.

FICUs with less than $50 million in assets will have to maintain a basic written policy that provides a credit union board-approved framework for managing liquidity.

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