Press
Wednesday webinar to address industry’s concerns over NCUA RBC rule
(April 22, 2014) —
What:
Credit unions and other industry leaders are invited to a free webinar to discuss NCUA’s proposed Risk-Based Capital Rule, the potential game-changing regulation currently facing financial cooperatives.
The webinar, “Everything You Need to Know About NCUA’s Proposed Risk-Based Capital Rule to Prepare a Response,” will discuss the importance of credit unions’ submitting their own comments to NCUA about how the regulation could affect their operation – and their members. There also will be a brief demonstration of a model designed to help analyze the RBC rule’s impact on individual credit unions.
Who:
Panelists include Doug Alldredge, CFO from First Credit Union in Chandler, Ariz.; Jim Vilker, NCCO, VP from CU*Answers and former NCUA examiner; and Andrew Bolton, Senior Industry Analyst from Callahan & Associates. The session will be moderated by Chip Filson, CEO of Callahan & Associates and Founder of Co-Ops for Change, as well as former NCUA Director of the Office of Examination & Insurance.
When:
April 23, from 2-3 p.m. Eastern Time
Where:
Registration and information, visit http://www.creditunions.com/events.
Why:
“This is the most comprehensive and intrusive regulation ever proposed for credit unions. It’s critical that they understand how it will affect them and their members,” said Filson.
According to Jim Vilker, stipulations that allow examiners to arbitrarily override RBC’s rule weights for minimum risk-based ratios are causing concern among many credit unions. “Those considered well-capitalized at the beginning of the exam could, by the end of the exam, be immediately placed into a prompt corrective action (PCA) category,” he said.
The complimentary webinar is open to the public.
About Co-Ops for Change
Co-Ops for Change is a grassroots movement to increase awareness both within the credit union community and among elected policymakers that our regulatory leadership should understand and support the seven cooperative principles. The regulatory process should consider credit unions’ cooperative character, as well as the shared economic value they create for people and communities. Credit union members, volunteers, professionals and industry supporters can learn more about the campaign at www.Coops4Change.org.