NCUA Raises Threshold for National Office Oversight

The National Credit Union Administration ("NCUA") raised the threshold for assigning supervision over federally insured credit unions to the Office of National Examinations and Supervision. The threshold was raised from $10 billion to $15 billion. Credit unions with less than $15 billion in total assets will be supervised by regional NCUA offices.

The rule amendment will become effective January 1, 2023.