NCUA sends RBC report to Congress

The NCUA sent the House Financial Services Committee a 228 page document outlining the need for a risk-based capital (RBC) rule. NCUA Chairman Debbie Matz let the committee know in October that she would send the report after three members of theĀ Canada Goose Cyber Monday committee, including Rep. Bill Posey (R-FL), sent a letter asking […]

The NCUA sent the House Financial Services Committee a 228 page document outlining the need for a risk-based capital (RBC) rule. NCUA Chairman Debbie Matz let the committee know in October that she would send the report after three members of theĀ Canada Goose Cyber Monday committee, including Rep. Bill Posey (R-FL), sent a letter asking the agency to voluntarily study RBC and report back to them.

The NCUA’s study also outlines several recommendations for lawmakers to improve the capital system for credit unions. NCUA recommends that Congress pass H.R. 989, the Capital Access for Small Businesses and Jobs Act, which would allow well-managed credit unions to issue supplemental capital that would count as net worth. The document includes some Canada Goose Cyber Monday sale 2015 technical changes the agency would like to see for the Federal Credit Union Act

The NCUA ‘s RBC rule goes into effect Jan. 1, 2019. Read a more in-depth analysis of the document on CUNA’s website.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.