ALEXANDRIA, Va. – NCUA announced an initiative with state regulators and the National Association of State CU Supervisors yesterday aimed at easing the way for state charters to qualify as low-income credit unions, which exempts credit unions from the cap on member business loans and allows them to raise supplementary capital.

Under NCUA’s rules, a majority of a credit union’s membership must meet low-income thresholds based on 2010 Census data.

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