Revised RBC plan gets big unveiling at today’s NCUA meeting

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Eliminating or lowering the risk-based capital requirement for a credit union to be well-capitalized;Revising the risk-weightings, particularly in the areas of member business loans, mortgages, long-term investments, mortgage servicing assets, and credit union service organization investments;Allowing goodwill and the 1% National Credit Union Share Insurance Fund deposit to be included in the calculation of risk-based capital;Clarifying the provision that would authorize the NCUA to impose additional minimum capital beyond what the rule requires;center_img Today the credit union community will get its first glimpse of the National Credit Union Administration’s much-anticipated revised risk-based capital proposal at the agency’s board meeting. During its year-long advocacy on the proposal, the Credit Union National Association has urged the agency to make six specific changes.These are:last_img read more