NAFCU urges NCUA to pursue additional changes to RBC rule
WASHINGTON, DC (August 2, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement after the NCUA Board approved a proposed rule to delay and modify its risk-based capital (RBC) rule:
“NAFCU has continually pressed the NCUA for changes to its current RBC rule since it was introduced, and this new proposal is positive. NAFCU has done significant work in analyzing appropriate capital levels for the credit union industry and will provide the NCUA with even further suggestions to strengthen credit unions and the economy at large,” says NAFCU President and CEO Dan Berger.
NAFCU has led industry efforts to obtain a delay in the RBC rule’s effective date, successfully getting language to delay it by two years passed by the House of Representatives three times. The association is supportive of comprehensive capital reforms and will continue to advocate in the best interest of credit unions and their 114 million members.
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.