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NCUA Launches Web Page for Supplemental Capital Working Group
Friday, May 8, 2015 6:25 AM

The latest information on efforts by the National Credit Union Administration's supplemental capital working group can now be found on a website launched by the agency Wednesday. The new page will feature the latest on the group's activities, as well as other secondary capital resources.

NCUA Chair Debbie Matz announced the formation of the group, along with a similar one to work on field-of-membership rules, in December.

In April, the NCUA working group completed updates to the NCUA's National Supervision Policy Manual that streamlined the approval process for federally chartered and state-chartered low-income credit unions.

According to the agency, the group's focus is on:

  • Increasing opportunities for low-income designated credit unions to access secondary capital; 
  • Examining how supplemental capital may be used to satisfy NCUA's proposed risk-based capital rule; and 
  • Exploring potential legislative means to increase access to supplemental capital for all credit unions.

The working group is currently reviewing what supplemental capital regulations can be changed through regulation, and what changes would require legislation.

In addition to the website, interested parties can contact the group with feedback at SCWG@ncua.gov.