ALEXANDRIA, Va.—The NCUA Board approved a revised risk-based capital rule at the agency's board meeting on Thursday, which reduced the number of credit unions subject to the rule and lowered the well-capitalized standard by 0.5%.
The revised proposal was approved by a 2-1 vote, with Board Member Mark McWatters voting against it.
Credit unions with up to $100 million in total assets are exempt from the proposed 450-page new rule. The well-capitalized standard dropped from 10.5% in the original proposal to 10%.
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