Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
Credit union regulator gives PPP loans 0% risk weight – and the loans won’t count against business lending cap
Loans made through the paycheck protection program will receive a 0% risk weight under regulatory risk-based net worth requirements, the federal credit union regulator said Wednesday, and will not be counted toward the credit union […]