NASCUS Releases Summary of NCUA’s Small Credit Union Threshold Proposal
March 4, 2015 – The National Association of State Credit Union Supervisors (NASCUS) released a summary today of the NCUA’s proposal to raise the asset threshold for the definition of a small federally insured credit union from $50 million to $100 million under the Regulatory Flexibility Act.
During the Feb. 19 NCUA Board meeting, chair Debbie Matz noted that just because the board was proposing to raise the asset threshold from $50 million to $100 million, it did not mean that all small credit unions struggle. Board member Mark McWatters, who was in support of the proposal, said he preferred raising the asset threshold to not less than $250 million, and preferably to $500 million.
NASCUS plans to submit comments on the proposed rule.