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NCUA Letter to FCUs in the Works on Low-Income Designation

Aug
06

The National Credit Union Administration (NCUA) will soon be sending letters to nearly 1,000 credit unions indicating they are eligible for low-income designation, a status whose benefits include the ability to accept supplemental capital and an exemption from the small business lending cap under certain circumstances, NCUA Chairman Debbie Matz told league presidents attending the Americ

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