During its monthly board meeting April 24, the NCUA board finalized a rule that requires credit unions with more than $10 billion in assets to submit to NCUA stress testing of its portfolio. The rule did not include a controversial provision that would have made the results public; however, the NCUA may reconsider that option when the rule is reviewed as part of the agency's rolling three-year rule review. Cost of the rule was also an issue. The rule is estimated to cost $1 million per covered institution in the first year, for a total of $5 million. For complete coverage of the new rule, click on the links below.
Stress Test Results Will Remain Confidential: Onsite coverage of the NCUA board meeting
Why I Can't Support the Final Stress Test Rule: Read why NCUA Board Member Michael Fryzel explain why he voted against the final rule.
Why I Support the Final Stress Test Rule: Read NCUA Board Member Rick Metsger explain how he was convinced to vote in favor of the rule, despite some reservations.
NCUA Stress Test Proposal Roasted by Trades: Review comment letters filed on the proposed rule.
Proposed Stress Test Rule Brings CU Parity to Dodd-Frank: Coverage from October 2013, when the rule was first proposed.
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