Comments on NCUA risk-based capital rule due Sept. 7

NCUA headquarters

NCUA’s risk-based capital proposed rule has been published in the Federal Register, and comments will be due Sept. 7. CUNA called the proposal a step in the right direction, but still questions the need for such a rule.

The proposal would delay implementation of the risk-based capital rule by one year, to Jan. 1, 2020, back from the currently scheduled Jan. 1, 2019.

It would also raise the asset threshold for defining a complex credit union to $500 million, up from $100 million.

According to NCUA, this change would result in 90% of credit unions being exempt from the rule. Under the proposed rule, more than 98% of all complex credit unions would be considered well-capitalized.

 

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