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NCUA to Vote on Final RBC Rule at Oct. 18 Meeting

Oct 12, 2018
The NCUA board will vote on finalizing changes to its risk-based capital rule at the Oct. 18 meeting, according to the agenda released by the agency Thursday. Credit Union National Association supports the proposal but has expressed concerns about the agency's RBC approach in general.

The NCUA board will vote on finalizing changes to its risk-based capital rule at the Oct. 18 meeting, according to the agenda released by the agency Thursday. Credit Union National Association supports the proposal but has expressed concerns about the agency’s RBC approach in general.

CUNA Chief Advocacy Officer Ryan Donovan said they "hope the board recognizes there is more work to be done to ensure the risk-based capital standard credit unions are subject to is appropriate to the risk profile of the system.”

NCUA’s proposal would:

  • Delay the rule’s implementation to Jan. 1, 2020; and
  • Raise the threshold for risk-based capital compliance to $500 million in assets, up from $100 billion.

The other item on the Oct. 18 agenda is a proposed rule on federal credit union bylaws.

Source: CUNA