Fixing the NCUAâs Fixed Asset Rule
The NCUA has gone back to the drawing board and reissued a revised proposal concerning federal credit unionsâ ownership of fixed assets. The proposed rule issued in 2014 drew mostly negative comments stating that it didnât go far enough in providing credit unions with authority to manage their own resources. This renovated proposal represents a significant improvement over the previous proposal by eliminating altogether the 5% cap on fixed assets. [4/21/15]
