Search
 
News

NCUA Board Amends Asset Threshold for Supervision

Chairman Harper also announces in-person board meetings will resume in September.

NCUA Boardroom. (Photo: NCUA) NCUA Boardroom. (Photo: NCUA)

NCUA board members on Thursday approved a final rule that changes the asset threshold for assigning federally insured credit unions to the Office of National Examinations and Supervision (ONES).

Under the final rule, credit unions with assets between $10 billion and $15 billion will be assigned to the appropriate Regional Office for supervision. Those credit unions with $10 billion in assets that are currently supervised by ONES will continue to be supervised by that office. According to the NCUA, ONES will supervise credit unions that cross the $15 billion threshold. These changes will be effective on Jan. 1, 2023.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

More from this author

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.