(September 30, 2014) -- CUNA president and CEO Jim Nussle issued the following statement regarding NCUA’s announcement of a second comment period for their risk-based capital proposal:
CUNA commends and thanks National Credit Union Administration (NCUA) Board Chairman Debbie Matz for her decision to propose a revised risked-based capital rule for a new comment period. CUNA, the leagues and credit unions fervently advocated for a second comment period given the significance of the proposal and the feedback that it received from both the credit union movement and policymakers. This is terrific news; we look forward to continuing to work with the agency to craft a rule that meets the needs of the credit union system.