ALEXANDRIA, Va.–The NCUA’s 2-1 board vote in favor of implementing risk based capital standards for credit unions has been met with myriad reactions, including strong statements of support from two NCUA board members, objections from the trade associations, and strong criticism from some members of Congress.
CUToday.info has extensive coverage of the board vote and those reactions, including:
- An overview of the discussion during the meeting by board members.
- Will Congress now intervene?
- Matz, McWatters differ on NCUA legal authority for a two tier RBC plan.
- CUNA critical of a ‘Solution in search of a problem’
- NAFCU vows to ‘Make Bad Rule Better’
- NCUA Chairman Debbie Matz's Statement On The Risk-Based Capital Final Rule
- NCUA Vice Chairman Rick Metsger's Statement On The Risk-Based Capital Final Rule
- NCUA Board Member Mark McWatters’ full statement dissenting on risk-based capital proposal.
- RBC Risk Weights
- NCUA’s final risk-based capital rule.
- The RBC Risk-Weights At A Glance
Unless Congress intervenes, the new rules are scheduled to go into effect in 2019. They will not apply to any credit union of less than $100 million in assets, and most “complex” CUs, those above $100 million, will have far more capital under the new metrics than the current standards.
Below are some of the graphics released by NCUA in conjunction with the risk-based capital plan.
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