Comments on: New Version of CREDS Released https://www.creditunionupdate.com/regulation/creds-3/ Fri, 27 Apr 2018 07:38:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steven Cunningham https://www.creditunionupdate.com/regulation/creds-3/#comment-290 Wed, 03 Feb 2016 20:48:16 +0000 http://www.creditunionupdate.com/blog/?p=780#comment-290 In reply to DAVID SOWARD.

The new version of CREDS applies from today and that would include the 8% minimum requirement for larger Credit Unions. The higher capital requirement applies to Credit Unions with over 15,000 members or more than 10 million of assets or those offering the additional services.

]]> By: DAVID SOWARD https://www.creditunionupdate.com/regulation/creds-3/#comment-289 Wed, 03 Feb 2016 18:03:33 +0000 http://www.creditunionupdate.com/blog/?p=780#comment-289 “The 10% capital limit proposed for larger Credit Unions will now be made up of a 8% minimum and 2% buffer. The 2% buffer only applies from 30 September 2018.”

What constitutes a ‘larger Credit Union’?
When does the 8% minimum apply from?

Thank you.

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