NCUA white paper reveals agency's plans to also ask Congress for a risk-based premium plan that mirrors the FDIC's.
By Nicholas Ballasy |
Updated on April 06, 2015
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The NCUA will ask Congress to rewrite the Federal Credit Union Act so it can establish a risk-based NCUSIF premium system and eliminate the 1.3% equity ratio cap, according to a white paper obtained Monday.
The NCUA determined the current statutory equity ratio between 1.2% and 1.5% is too restrictive.
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