NCUA Board Action Proposal on Eliminating Fixed Assets Restrictions

The NCUA's third open meeting of 2015 approved the proposed regulatory relief effort to eliminate certain provisions in the agency’s fixed-assets rule, including the current five-percent cap on investments in fixed assets. The move is seen as reducing the NCUA's micro-managing of CUs seeking to upgrade facilities, update technology, or purchase other fixed assets. [3/20/2015]