ALEXANDRIA, Va. (11/10/15)--The National Credit Union Administration has released a video on its risk-based capital (RBC) rule, intended for credit union managers, staff and boards to learn more about the rule.
The rule was approved at the NCUA’s October board meeting.
The video covers the rule’s framework, changes made from proposal to final rule stage and an overview of the NCUA’s three-year implementation plan. Additional materials, including an impact analysis and a RBC estimator, are available on the NCUA’s RBC resource page.
The rule applies to the 24% of federally insured credit unions with more than $100 million in assets. The remaining federally insured credit unions are exempt.
The rule will become effective Jan. 1, 2019, which coincides with the full phase-in of RBC rules from federal banking agencies.