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Still Time to Comment on Risk-Based Capital
Thursday, April 3, 2014 6:50 AM

The National Credit Union Administration is reminding parties interested in commenting on the agency’s proposed risk-based capital rule that they have until May 28 to provide those comments.

At the January open Board meeting, the NCUA Board unanimously approved the risk-based capital proposed rule, which would apply to credit unions with assets greater than $50 million. The Board also provided for an extended 90-day comment period.

At the time the Board approved the proposed rule, NCUA released an online Risk-Based Capital Calculator. The calculator allows federally insured credit unions and other stakeholders to determine the effects of the proposed rule. When the comment period ends, NCUA will remove the calculator from the agency’s website and consider changes to the rule based on the comments.

After the NCUA Board approves a final rule, the agency will modify the Call Report to comply with the terms of the new rule and provide Prompt Corrective Action classifications accordingly.

NCUA plans an extended phase-in period for the final risk-based capital rule to allow credit unions enough time to adjust their risk profiles or capital levels, or both, to ensure compliance with the new regulation.