CUNA, NAFCU and NASCUS and several credit unions all took issue with parts of an NCUA proposal to change how the agency defines net worth.
The change would let assistance from the agency to a troubled credit union or a credit union acquiring a troubled credit union to count as regulatory net worth.
CUNA and NASCUS both expressed concern about a provision in the proposed rule, which was the result of legislation passed by Congress late last year, to deduct "bargain purchase gain" in certain credit union mergers from regulatory net worth.
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