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NCUA official seal NCUA official seal. (Source: NCUA)

NCUA Chairman Todd Harper is pushing Congress to allow the agency to assess premiums on credit unions even when the agency’s equity ratio is above 1.30%.

Harper also wants to increase the NCUA’s Share Insurance Fund capacity by removing the 1.50% ceiling on the normal operating level, according to a letter he sent last month to Senate Banking Committee ranking Republican Pat Toomey of Pennsylvania.

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David Baumann

Credit Union Times

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