WASHINGTON (1/26/15)--There is still time to register for today's free webinar from the Credit Union National Association on the National Credit Union Administration's revised risk-based capital proposal (RBC2). The 60-minute webinar is scheduled for 1 to 2 p.m. (ET).
CUNA President/CEO Jim Nussle, Chief Policy Officer Bill Hampel and Deputy General Counsel Mary Dunn will discuss how and to what extent the new proposal addressed the significant concerns CUNA members raised with the first proposal.
CUNA staff will go into details of the organization's estimator tool, which is scheduled to go online today. The estimator will allow credit unions to plug in their own numbers and estimate the full impact the proposal would have on their operations.
The webinar will also feature the CUNA economic team's analysis of the impact the proposal will have, as well as other areas of continuing concern.
CUNA staff will show credit unions what they need to assess their own outcome under the proposal, including the estimator tool, in addition to the proposal's broader implications for the credit union community.
In addition to CUNA staff, NCUA Director of Examination and Insurance Larry Fazio will break down the proposal, including reasons behind many of the changes from the original proposal.
Nussle, Hampel, Dunn and Fazio will also answer questions from participants, as time allows.
The RBC2 proposal was released at the NCUA's Jan. 15 board meeting, almost a year after the original proposal was introduced. While it contains improvements over the original, it is still a "solution in search of a problem," Nussle said.
The proposal will have a 90-day comment period, which will begin once it is published in the Federal Register, which is expected in the coming weeks.