DENVER — The NCUA will introduce a new regulatory relief package at its Sept. 20 board meeting, Chairman Debbie Matz told state regulators during her general session audience Wednesday at the 2012 NASCUS Summit.
The package will include a proposal to increase the asset size threshold of $10 million that defines small credit unions. The move would exempt more credit unions from recent rules on interest rate risk and liquidity risk, Matz said, as well as qualify more for assistance from the agency's Office of Small Credit Union Initiatives.
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The proposed rule would be open to comment before being finalized.
The NCUA Board will also propose expanding rural fields of membership that would allow credit unions that serve rural areas in large states to expand more easily, Matz said.
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