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CUNA video: How to write a good risk-based capital comment letter
WASHINGTON (2/24/14)--The Credit Union National Association is planning to tackle the issues presented by the proposed risk-based capital changes from all angles, and CUNA Deputy General Counsel Mary Dunn outlines how credit unions can help this effort by writing an effective comment letter on this issue in the latest Inside Exchange video.



The risk-based capital proposal, released at the January open board meeting, would restructure the agency's current prompt corrective action regulation to include calculation of a capital-to-risk-assets ratio, analogous to Basel III for community banks. The risk weights would be substantially different, and the proposal would impose higher capital requirements for credit unions with higher concentrations of assets in real estate loans, member business loans, longer term investments and some other assets.

The proposal would apply to credit unions with assets of more than $50 million.

CUNA has developed a new Risk-Based Capital Action Center tool to help credit unions file comment letters with the agency, and the NCUA will also touch on risk-based capital rules in a series of town hall meetings scheduled for the summer.

CUNA President/CEO Bill Cheney also discussed the need for credit union action on the proposal in this week's edition of The Cheney Report.

For the Inside Exchange video, and The Cheney Report, use the resource links.
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