Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act

GoWest Credit Union Association supports the proposed increase of the major assets prohibition thresholds to $10 billion. They argue that the current thresholds are outdated, and the update will reduce regulatory burden while maintaining necessary protections against anticompetitive management interlocks.

The National Association of State Credit Union Supervisors (NASCUS), a professional association representing state and territorial credit union agencies, supports the NCUA's proposed rule to increase major assets prohibition thresholds. They argue that the increase to $10 billion better reflects market growth and will reduce the administrative burden on credit unions seeking exemptions.

America’s Credit Unions supports the proposed rule to increase the major assets prohibition thresholds to $10 billion. They argue that the current thresholds are outdated due to market growth, and the increase will align the NCUA with other federal agencies while reducing the regulatory burden on smaller credit unions.

The Wisconsin Credit Union League supports the NCUA's proposal to increase the major assets prohibition thresholds under the Depository Institution Management Interlocks Act. They argue that the change reflects current market realities, promotes regulatory parity with banks, and provides credit union boards with the necessary flexibility to recruit qualified leadership while maintaining appropriate safeguards.

The Illinois Credit Union League, a trade association representing over 190 credit unions, supports the proposed increase of the major assets prohibition thresholds to $10 billion. They argue that the current thresholds are outdated, and the change will reduce regulatory burdens, simplify compliance, and better reflect the modern financial marketplace.

The Ohio Credit Union League (OCUL) supports the NCUA's proposal to increase the major assets prohibition thresholds to $10 billion. They argue that these changes will reduce regulatory burdens, streamline compliance, and align with standards already adopted by other federal banking agencies.

The Defense Credit Union Council (DCUC) supports the NCUA's proposal to increase the major assets prohibition thresholds to $10 billion, arguing that it right-sizes the regulation and reduces unnecessary regulatory burdens on smaller institutions. However, the organization opposes the removal of the rebuttable presumption regarding interlocks involving minority-owned or women-owned institutions, urging the NCUA to retain that provision.

ORNL Federal Credit Union supports the proposed rule to increase the major assets prohibition thresholds to $10 billion. They argue that the current thresholds are outdated, and the increase will reduce regulatory burden and improve governance flexibility while maintaining core competition safeguards.

The Cooperative Credit Union Association, Inc., representing nearly 200 credit unions, supports the NCUA's proposal to increase the "Major Assets" prohibition thresholds from $2.5 billion and $1.5 billion to $10 billion. They argue that this change will provide credit unions with greater flexibility to recruit and retain experienced management officials from the banking sector to help manage complex risks.