Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NCUA releases Part II of RBC Q-and-A video
ALEXANDRIA, Va. (5/5/14)--More credit union questions about the National Credit Union Administration's risk-based capital plan are answered by NCUA staff in a new, second YouTube video.

The video is intended to serve as a resource for federally insured credit unions to understand how the proposed changes to NCUA's Prompt Corrective Action rule may affect their risk-based capital (RBC) ratios, the agency said.

Questions addressed in the video include:
  • Why did NCUA propose the rule, and why now;
  • How many credit unions will be impacted; and
  • What are the differences between well-capitalized, adequately capitalized and undercapitalized credit unions under the rule.
CUNA continues to urge credit unions to weigh in on the RBC plan. The NCUA will accept comment on the proposal until May 28.

Working with CUNA's Examination and Supervision Subcommittee, CUNA is developing its own comment letter, which it says will reflect major concerns and present a range of recommendations to make the proposal workable.

The NCUA proposal would make changes to Prompt Corrective Action rules, that would replace existing risk-based net worth requirements with new risk-weighted asset and capital requirements. The rule would apply to federally insured "natural person" credit unions with more than $50 million in assets.

Use the resource links for the NCUA video and CUNA's RBC Action Center. CUNA's Action Center features a calculator to help credit unions assess how the proposal will affect their operations, a video explaining the NCUA's plan, and much more.
RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
11 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
13 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
13 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
13 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
15 hours ago