ALEXANDRIA, Va. - The National Credit Union Administration is planning to provide free supervision to all federal credit unions with less than $500,000 of assets.

The agency's June 14 proposal would increase the size of credit unions exempt from annual fees by 10 times. Right now, just 59 federal credit unions with less than $50,000 of assets are supervised and examined by the regulator free of charge. By contrast, 839 federal credit unions have less than $500,000 of assets.

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