NCUA Final Rule Temporary Regulatory Relief in Response to COVID-19-Extension

December 22, 2020

The NCUA Board issued is extending the effective date of its temporary final rule which raised the maximum aggregate amount of loan participations that a FICU may purchase from a single originating lender to the greater of $5,000,000 or 200 percent of the FICU's net worth; temporarily suspended limitations on the eligible obligations that a Federal credit union (FCU) may purchase and hold; tolled the required timeframes for the occupancy or disposition of properties not being used for FCU business or that have been abandoned; until December 31, 2021.

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