WASHINGTON (3/17/14)--There is still time to register for this week's webinar on the National Credit Union Administration's risk-based capital proposal, the Credit Union National Association reminds.
The hour-long, free webinar, entitled "NCUA's Risk-based Capital Rule: Can it be fixed?" is scheduled to begin at 3 p.m. (CT).
The webinar will explore the key aspects of the proposal, highlight its financial impact on credit union operations, and outline the top legal issue.
CUNA President/CEO Bill Cheney will be joined at the webinar by CUNA Chief Economist Bill Hampel and Deputy General Counsel Mary Dunn. Participants also will have the chance to hear directly from credit union CEOs about their perspectives on the proposed rule. A short question-and-answer session is planned to end the information session.
"We'll also bring everyone up to date on our latest efforts aimed at the proposal--and recommend actions credit unions can take on their own to voice their concerns, in their own words," Cheney says.
Registration is limited to 500. A recording of the webinar will be available on the CUNA website 24 hours after the live event.
The risk-based capital proposal would restructure NCUA's current prompt corrective action regulation to include calculation of a capital-to-risk-assets ratio, analogous to Basel III for community banks. The risk weights would be substantially different, and the proposal would impose higher capital requirements for credit unions with higher concentrations of assets in real estate loans, member business loans, longer term investments and some other assets.
The proposal would apply to credit unions with assets of more than $50 million.
In addition to the webinar, CUNA is offering a complete catalog of reference tools to help credit unions determine if and how they will be impacted by the NCUA proposal, and take action by sending comment letters to the agency.
To register for the webinar and access more CUNA risk-based capitol content, use the resource link.