CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » CUNA supports RBC reg relief, questions needs for rule
Policy & Issues

CUNA supports RBC reg relief, questions needs for rule

August 30, 2018

While CUNA supports NCUA’s proposed delay of NCUA’s risk-based capital rule, it maintains that the rule continues to be “functionally unnecessary. CUNA submitted its comment letter Thursday on NCUA’s proposal, which would delay the rule’s implementation to Jan. 1, 2020, and raise the asset threshold for defining a complex credit union.

“The data continues to clearly show that the rule is a solution looking for a problem…RBC places significant unnecessary burdens on credit unions and needlessly coerces credit union asset allocations—all at a significant cost to credit union members,” CUNA’s letter reads. “Should the agency choose to forego common-sense restraint and pursue the RBC rule as re-proposed, CUNA urges meaningful change.”

Specifically, the proposal would raise the threshold for risk-based capital compliance to $500 million in assets, up from $100 billion. CUNA believes this should be set at $10 billion in assets, aligning with eligibility for supervision under NCUA’s Office of National Examinations and Supervision.

“Maintenance of disparate asset thresholds among rules from myriad departments and divisions across federal and state regulatory bodies contributes to duplicative and inconsistent oversight,” the letter reads.

KEYWORDS ncua RBC
Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
App •  Digital Edition •  Subscribe

Trending

  • CFPB proposes to raise remittance threshold to 500 transfers

  • PODCAST: Bettering people’s lives

  • Compliance: Recapping the 2019 BSA Conference

Tweets by CUNA_News

Polls

What's the pace of staff turnover at your CU?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors