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Comments on NCUA Risk-Based Capital Rule Due Sept. 7
Friday, August 10, 2018 6:45 AM

The National Credit Union Administration's proposed risk-based capital rule has been published in the Federal Register, and comments will be due Sept. 7. Credit Union National Association called the proposal a step in the right direction but still questions the need for such a rule.

The proposal would delay implementation of the risk-based capital rule by one year, to Jan. 1, 2020, back from the currently scheduled Jan. 1, 2019, and would raise the asset threshold for defining a complex credit union to $500 million, up from $100 million.

According to NCUA, this change would result in 90 percent of credit unions being exempt from the rule. Under the proposed rule, more than 98 percent of all complex credit unions would be considered well-capitalized.