NEW YORK–Inclusiv is hosting a webinar today on “The Forthcoming Subordinated Debt Rule’s Implications on Secondary Capital and ECIP.” The webinar, which is free, is scheduled for 1:15 p.m. ET.
“We'll dive into the possible implications of an forthcoming NCUA subordinated debt rule on secondary capital investees, including applicants to ECIP,” Inclusiv said. “The rule would grandfather in all ECIP applicants with secondary capital plans that are approved in 2021, yet leaves open the question about the term of the capital, specifically the ability to extend the term beyond 20 years. These changes could have harmful consequences for community development finance and hamper the effectiveness of COVID-19 relief efforts.”
As CUToday.info reported earlier, Inclusiv submitted its comments to the NCUA expressing concerns over the rule that is scheduled to take effect on Jan. 1, 2022.
Presenters to the event will include:
to the event will include:
- Martin Eakes, CEO of Self-Help CU
- Luis Pastor, president/CEO of Latino Community CU
- Hank Hubbard, president/CEO of One Detroit CU who will explore the implications of these developments.
- Bill Bynum, CEO of HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute)
How to Register
To register for the session, which is part of the monthly Inclusiv Town Hall webinar series, go here.