NCUA Issues Supervisory Letter on Fixed Asset Management
The 5% limit on fixed assets for federal credit unions expired on October 5, 2015. NCUA states that examiners will no longer be focusing on fixed assets at federally-insured credit unions unless that credit union has an unresolved DOR, enforcement action or outstanding waiver related to a fixed asset issue, the credit union has weak earnings or other structural issues, fixed assets exceed 5%, or the credit union has or is planning to make a major acquisition of premises since the last exam. [10/5/15]
