Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
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.
RSS print
News Now LiveWire
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
34 minutes ago
SunCorp and @AlloyaCorp have announced their intent to merge.
2 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
2 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
5 hours ago
Before @TheNCUA meeting adjourned, board member Fryzel said goodbyes, praised dedicated CU officials. 1of 2
5 hours ago