New Bank Net Worth Rule Is Likely Precursor of NCUA Rule Change
The OCC and the Federal Reserve Board have issued a new rule that increases risk based capital requirements and revises methodologies for determining risk-weighted assets. It is expected that NCUA will adopt a similar rule later this year. The Agency was quoted earlier this year saying that it would likely rise the net worth requirements for credit unions with assets of more than $50 million. [10/14]