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CUNA Videos of NCUA Board Meeting and Post-RBC2 Vote Available
Tuesday, January 20, 2015 6:35 AM

A Credit Union National Association video of Thursday's National Credit Union Administration open board meeting discussion of a new risk-based capital plan for credit unions is now available below and also on the CUNA website.

The video cameras are a significant change from the agency's standard operating procedures for board meetings. CUNA had originally requested that the meeting be streamed live over the Internet. The agency was not able to accommodate live-streaming for the January meeting but said it would plan to do that for future meetings.

Though the National Credit Union Administration board approved the agency's revised risk-based capital proposal, the board members themselves have varied opinions about the plan.

Chair Debbie Matz said the proposal would protect the credit union system into the future; Vice Chair Rick Metsger wondered if the revisions made it too lenient; and board member J. Mark McWatters questioned if the agency even has the authority to enact such a rule.

To view each board member's thoughts following the 2-1 vote, go to CUNA's web page here.