NCUA votes 2-1 to delay RBC effective date

The NCUA Board decided Thursday, June 20, to seek public comment on the potential delay of its Risk Based Capital Rule until Jan. 1, 2022. Previously the effective date had been put on hiatus from an effective date of the rule from Jan. 1, 2019 to Jan. 1, 2020.  The NCUA voted 2-1 for the […]

The NCUA Board decided Thursday, June 20, to seek public comment on the potential delay of its Risk Based Capital Rule until Jan. 1, 2022. Previously the effective date had been put on hiatus from an effective date of the rule from Jan. 1, 2019 to Jan. 1, 2020.  The NCUA voted 2-1 for the extended delay.

According to Credit Union Journal, “The NCUA said it would tackle three issues prior to the rule going into effect — a separate plan to expand the use of subordinated debt by credit unions, new regulations on asset securitization, and the possibility of creating a credit union equivalent of the Community Bank Leverage Ratio.

“NCUA Chairman Rodney Hood said two additional years allows for a ‘surgical approach,’ giving the agency enough time to propose and finalize changes in order to conduct a well-integrated implementation.”

Read the full article here.

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.