WASHINGTON — The NCUA board will consider a proposal to raise the definition of a small credit union from assets under $50 million to assets under $100 million at the Feb. 19 board meeting.
"Increasing the threshold from $50 million to $100 million would provide special consideration for regulatory relief for an additional 745 credit unions in future rulemakings," Larry Fazio, director of the NCUA Office of Examination and Insurance, said Tuesday at a Senate Banking Committee hearing on regulatory relief for small financial institutions.
If the threshold increase is approved, the NCUA estimated that hundreds of additional credit unions would fall under the definition of a small entity.
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