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Comp Blog

New - Feb. 24: Take Action! Risk-Based Capital Rule

By: Danielle Wright

CommentMonday - February 24, 2014

Risk-Based Capital Rule

The risk-based capital plan recently proposed by the NCUA would impose new requirements on credit unions with assets of $50 million and above.  CUNA estimates that if made final and implemented, would push credit unions to hold as much as $7.3 billion in additional capital. 

As you may know, NCUA has produced a calculator to help credit unions demine how the proposal would affect their net worth. CUNA has also produced its own calculator, which differs from NCUA's in two important aspects: CUNA’s calculator lets credit unions consider changes in their balance sheets, and is only open for use by CUNA-affiliated credit unions (the NCUA calculator is open for anyone's use-which is of concern to us, which CUNA has voiced to NCUA).

Take action now by using CUNA’s Risk-Based Capital Action Center and submitting your comment letter.  For the CUNA calculator and more on the proposed rule, use the resource links below:

Risk-Based Capital Action Center

NewsNow: CUs detail risk-based capital rule concerns in GAC session






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