CUNA will endorse House Financial Services Chairman JebHensarling's (R-Texas) efforts to create a path forwell-capitalized credit unions to be exempt from capital orliquidity requirements, according to testimony President/CEO Jim Nussle plans to present to thecommittee Tuesday.

Nussle will testify before the committee on one section ofHensarling's legislation to overhaul the Dodd-Frank Act.

Nussle said about 65% of credit unions would be eligible forregulatory relief, under the bill, which sets 10% as the assetlevel needed for the relief. Those credit unions hold about 62% ofassets, serving nearly 60% of all credit union members.

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