Risk-Based Capital Blog Debuts Today

on 1:07 PM

CUNA announced creation of a blog today to facilitate conversation learning about NCUA's Risk-Based Capital (RBC) proposal.  The RBCblog is the latest free tool for credit unions to utilize to learn about NCUA’s RBC plan, proposed at its January board meeting.

The 198-page proposal would impose new requirements on credit unions of $50m and above. The current 7% leverage capital standard, mandated by the FCU Act, would remain the floor.

CUNA predicts that NCUA's proposal will negatively impact far more than the 199 credit unions predicted by the agency. It also feels there will be a far greater cost to credit unions working to build capital.

The intent of the RBCblog is to provide a forum for sharing thoughts on risk-based capital and NCUA's proposal.  The blog will allow credit unions and state credit union leagues to air concerns and share how the proposal will affect their operations. CUNA will also be updating the blog with the latest developments in its efforts to improve the outcome for credit unions regarding the proposal.

Access to the RBCblog is free to members of CUNA/leagues here.

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