The NCUA board on Thursday approved a final plan to delay implementation of the agency’s Risk-Based Capital requirement for one year and to increase the threshold for credit unions that must comply with it.

Under the plan, the effective date of the rule will be Jan. 1, 2020, rather than the Jan. 1, 2019 deadline the board originally set.

And the threshold for credit unions that must comply with the rule is increased from $100 million to $500 million. That increase would exempt an additional 1,026 credit unions from having to comply with the rule, agency officials said.

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