NCUA Board Approves Interim Final Rule on Asset Reporting

Due to the rapid and unexpected balance sheet growth at credit unions that occurred as a result of the pandemic stimulus payments, the National Credit Union Administration board approved an interim final rule that will allow large credit unions to use asset data from the end of March 2020 to determine if they are subject to stress testing and capital planning. The rule will be in effect during 2021 and 2022.

This article, written by our editor, is posted on the Credit Union Times website. Clicking on the link will take you to the article. There is a free, one-time registration required to visit the Credit Union Times website.

NCUA Board Approves Interim Final Rule on Asset Reporting

Why am I being redirected to the Credit Union Times website? This will explain:

Message from the Editor About Story Links to the CU Times

Spread the word. Share this post!