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Asset Threshold for Determining the Appropriate Supervisory Office

NCUA · final-rule · Published 2022-07-27 · Effective 2023-01-01 · 87 FR 45005

Document

Document number
2022-16009
Federal Register citation
87 FR 45005
CFR reference
12 CFR 700
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2022-07-27
Effective date
2023-01-01

Abstract

The NCUA Board (Board) is amending its regulations to revise the $10 billion asset threshold used for assigning supervision of consumer federally insured credit unions (FICUs) to the Office of National Examinations and Supervision (ONES). The rule only applies to FICUs whose assets are $10 billion or more (covered credit unions). The rule provides that covered credit unions with less than $15 billion in total assets (tier I credit unions) will be supervised by the appropriate NCUA Regional Office. Covered credit unions with $15 billion or more in total assets (tier II and tier III credit unions) continue to be supervised by ONES. The rule does not alter any regulatory requirements for covered credit unions.

Source

Authoritative
Federal Register document
Machine
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