WASHINGTON—While much attention has been paid to the proposal put out by NCUA for comment on raising the definition of “small entity” to $100 million from $50 million in assets, CUNA is offering a reminder that that definition doesn’t apply to everything.
CUNA Deputy Chief Advocacy Officer and General Counsel Mary Dunn noted during a press briefing that “it’s important to clarity that this threshold is for regulatory burden purposes and assessing the impact of regulations on small entities. It doesn’t have to be the threshold test for credit unions that qualify for assistance from NCUA’s Office of Small Credit Unions. This is an important distinction that I think is being confused in the process.”
CUNA supports the increase to $100 million in assets.