ALEXANDRIA, Va. The NCUA Board on Thursday approved a proposed rule that would eliminate the 5% fixed assets cap.

The $3.3 billion credit union says since it discontinued its leasing business, it no longer has use for the lot.

If approved by members and the NCUA, the deal will create the industry's largest corporate by member count.

Credit unions in Latin Americans nations post the highest membership gains in 2013, according to a new World Council report.