At this round table, we will discuss the ins and outs of NCUA's risk-based capital proposal. The goal is to help you become equipped with the information you need to write a comment letter to the NCUA on the topic, as well as help us (the Association) gather input from our credit unions so we can write an effective comment letter.
This meeting will be a good resourcs for anyone in your credit union who will be involved in writing a letter on the risk-based capital proposal, or who would like a greater understanding of the proposal.
According to CUNA,
The NCUA's new Risk-Based Capital proposal for credit unions with greater than $50 million in assets would be the most detrimental, wide-reaching regulatory change affecting credit unions in years.
If adopted, most affected credit unions would need to increase the amount of capital held in order to be well capitalized, and could face burdensome risk weightings that would serve as a disincentive for member business and mortgage loans, and long-term investments. CUNA’s calculations project that up to $7.3 billion in additional capital would need to be held. We think it’s a regulation in search of a problem, given the current system stayed strong during the worst financial crisis in 80 years.
Register to attend this meeting. Lunch will be complimentary.