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ARTICLE · 31 DECEMBER 2021

Effective Date Set For NCUA Final Rule On Complex Credit Union Leverage Ratio

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The National Credit Union Administration ("NCUA") set a January 1, 2022 effective date for a final rule that would establish a simplified method of measuring capital adequacy

United StatesFinance and Banking
Hogan Lovells Cadwalader
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The National Credit Union Administration ("NCUA") set a January 1, 2022 effective date for a final rule that would establish a simplified method of measuring capital adequacy for credit unions classified as complex (those with over $500 million in total assets). The final rule was published in the Federal Register.

As previously covered, the rule updates the NCUA's October 2015 risk-based capital final rule, "including addressing asset securitizations issued by credit unions, clarifying the treatment of off-balance sheet exposures, deducting certain mortgage servicing assets from a complex credit union's risk-based capital numerator, updating several derivative-related definitions, and clarifying the definition of a consumer loan."

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