Removing Barriers Blog

CUNA Supports Delay of RBC Rule Effective Date
Posted July 23, 2019 by CUNA Advocacy

Today, CUNA filed a letter with NCUA in support of its proposal to delay the effective date of the risk-based capital rule until January 1, 2022. 

We maintain that the RBC rule, as applied, is functionally unnecessary and the data continues to clearly show that the rule is a solution looking for a problem. However, we support the proposed delay that would not only provide credit unions additional time to make changes necessary for compliance with the rule, but will also allow NCUA to “holistically and comprehensively evaluate the NCUA’s capital standards for credit unions.” We are hopeful that NCUA’s review of the capital standards will yield positive changes, including in the area of alternative capital.