New CU net worth ratio coming?

NCUA may consider a new net worth ratio that will mirror the formulas in place at the banking regulators, similar to the community bank leverage ratio, according to the agency’s chairman.

In an interview with CUToday.info, NCUA Chairman Rodney Hood shared his thoughts around net worth, as well as his personal concerns around underserved communities and the need for credit unions to keep Americans away from payday lenders.

Hood, who returns to the agency after last serving a decade ago as a board member, spoke with CUToday.info about his views on regulation, the future of small credit unions and what the agency is doing during the RBC delay—including considering a new net worth ratio for CUs.

 

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