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CUNA will continue to urge NCUA to reduce “Well-Capitalized” RBC component

Statement by CUNA’s Mary Dunn following Alexandria, Va. ‘listening session’ July 17

(July 17, 2014) — Credit Union National Association (CUNA) senior vice president and deputy general counsel of regulatory affairs Mary Dunn issued the following statement after attending the National Credit Union Administration’s (NCUA) listening session in Alexandria, Va.:

“Today’s session was productive for credit unions and NCUA, as a number of issues of concern were raised with the agency, and answers were forthcoming. It was encouraging that, in today’s session, NCUA indicated it is looking at key points in the RBC proposal, including treatment under the proposal of such components as goodwill, the 1 percent NCUSIF deposit, risk weighting, interest-rate risk and the time for implementing a final rule. In fact: These are all issues that CUNA has been urging the agency to revisit. On the other hand, CUNA will continue to urge NCUA to reduce the “well-capitalized” RBC component – which remains a major point of concern for us.”

 

 

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