ICBA Logo

More Regulatory Exemptions for Credit Unions

WWR ARTICLE
NOVEMBER 30, 2001

 

MORE REGULATORY EXEMPTIONS FOR CREDIT UNIONS

Effective March 1, 2002, certain healthy credit unions will be exempt from a range of federal regulations under a RegFlex program published by the National Credit Union Adminstration (NCUA) as a final rule on November 23. Under this program, credit unions that have received a CAMEL 1 or 2 rating for two consecutive examinations, have a net worth ratio of 9 percent or more, and are well-capitalized under the NCUA's prompt corrective action regulations, will automatically be exempt from certain regulations.




All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice