CUNA appreciates NCUA 90-day comment period and will be an active participant in reviewing the revised risk-based capitol rule proposal when it is announced
WASHINGTON, DC (November 22, 2014) – Jim Nussle, President and CEO of the Credit Union National Association (CUNA) released the following statement regarding a 90-day comment period for NCUA’s upcoming release of its revised risk-based capital proposal.
"We appreciate that Chairman Matz intends to support a 90-day comment period, which is consistent with how we thought this process would work, and we will be urging the other members of the board to support this approach. CUNA looks forward to seeing the details of the revised rule when it is proposed. We plan to be an active participant in what we hope will be an open process that will fully examine the effect the revised proposal will have on credit unions.”
About CUNA
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNA on Twitter. For more information about credit unions, visitwww.aSmarterChoice.org and follow @asmarterchoice on Twitter. Visit the CUNA Press Room for a full listing of media mentions, press releases and resources to stay informed on current events within the credit union industry.