RBC, IRR, FOM issues raised in CUNA meeting with NCUA’s vice chair

Risk-based capital (RBC), interest-rate risk and a potential field-of-membership proposal were the chief topics of discussion between Credit Union National Association senior staff and National Credit Union Administration Vice Chair Rick Metsger during a meeting Monday.

Metsger expressed interest in working to draft a rule in 2015 to address inequities in field-of-membership rules for credit unions.

CUNA Chief Operating Officer Rich Meade and other CUNA senior staff met with Metsger and NCUA Senior Policy Advisor Mike Radway to continue to address concerns about the regulation of risk-based capital and interest-rate risk.

Also attending the meeting for CUNA were Chief Policy Officer Bill Hampel, General Counsel Eric Richard and Deputy General Counsel Mary Dunn.

CUNA discussed with the NCUA a range of RBC issues that should be revised and more positively addressed in the new proposal expected to be issued Jan. 15 for a 90-day comment period.

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