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CUNA Maintains that Current RBC Rule Is Functionally Unnecessary
Friday, August 31, 2018 6:45 AM

The National Credit Union Administration Board unanimously issued its proposed Risk-Based Capital (RBC) rule at its August meeting. Comments on the RBC Supplemental Proposal are due Sept. 7, and yesterday Credit Union National Association submitted a comment letter for consideration.  

CUNA maintains the position that the RBC rule in its current state is functionally unnecessary. 

“RBC places significant unnecessary burdens on credit unions and needlessly coerces credit union asset allocations—all at a significant cost to credit union members,” the letter reads. “Should the agency choose to forego common-sense restraint and pursue the RBC rule as re-proposed, CUNA urges meaningful change.”  

The rule would delay the effective date of the rule by one year, to Jan. 1, 2020. It would also raise the asset threshold for defining a complex credit union to $500 million, up from $100 million. According to NCUA, this means 90 percent of credit unions would be exempt from the rule.  

CUNA continues to support legislative efforts to delay the effective date of the rule for a period of two years, until January 2021.  

Visit CUNA's Comment Calls page for more details about this proposal. Remember, your comments on the RBC supplemental proposal are due Sept. 7. If you need help in crafting your letter, or if you have questions about this proposal, please contact Suzanne Yashewski at or 512-853-8516.