WASHINGTON (1/15/15)--Today the credit union community will get its first glimpse of the National Credit Union Administration's much-anticipated revised risk-based capital proposal at the agency's board meeting. During its year-long advocacy on the proposal, the Credit Union National Association has urged the agency to make six specific changes.
"CUNA is eager to see how the NCUA has addressed the significant problems that existed in the original risk-based capital plan," said Mary Dunn, CUNA's deputy general counsel. "The agency received significant feedback from the credit union community and a number of lawmakers, so we're anticipating positive results."
See the below video to see Dunn and CUNA's Chief Policy Officer Bill Hampel discuss the expected changes in the proposal.
Follow the @NewsNowLiveWire Twitter account, search the hashtag #RBC2 and #NCUABdMtg and stay tuned to News Now throughout the day for continuing live updates. CUNA's Risk-Based Capital blog will also be posting updates throughout the day.
CUNA will post video of the meeting in Friday's issue of News Now.
The revised risk-based capital proposed rule is expected to be the last item on the agenda today. The other items to be discussed are: the NCUA's 2015-16 annual performance plan, a proposed rule on capital planning and stress test schedules and a community charter request from 360 FCU of Windsor Locks, Conn., with $217 million in assets.