Compliance Deadline: NCUA - Asset Threshold for Determining Appropriate Supervisory Office
On July 21, 2022, the NCUA board unanimously approved a final rule that raises the asset threshold for assigning a consumer federally-insured credit union to supervision by the NCUA’s Office of National Examinations and Supervisions (ONES) from $10 billion to $15 billion. NCUA will begin using the $15 billion threshold for determining ONES supervision on January 1, 2023.
Final Regulation – 22-EF-02
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