NCUA Expands Reg-FlexProgram

January 20, 2006, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (01/20/06) -- The NCUA Board voted Thursday toexpand the agency's Regulatory Flexibility, or Reg-Flex, program tomake more credit unions eligible for the program that easesregulations on well-run credit unions. The new rule will lower therequired threshold for participation from the current CAMEL 1 or 2and at least 9% capital, to CAMEL 1 or 2 and just 7% capital. Thatwill add another 413 federal credit unions to the program, making atotal of 3,750, or 65% of all federal credit unions now eligiblefor the program that eases regulatory restrictions.

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