Also, CUNA’s Ryan Donovan shares a recap of 2016’s 360-degree advocacy victories and charts a path forward.
Inclusion of secondary capital in RBC ratio is a big win for Northwest credit unions, but the rule remains “a solution in search of a problem” says Nussle.
A vote on the final version of the National Credit Union Administration’s revised risk-based capital proposal is on the agenda for the agency’s October 15 meeting.
The bill fixes a disparity in how certain real estate loans are classified, allowing credit unions to provide more capital to the small businesses that create jobs and fuel growth in our communities.
Changes make it easier for low-income credit unions to obtain secondary capital and give investors greater clarity.
Less than one month left in the comment period for the latest NCUA risk-based capital proposal. Write your letter now.
Matz says supplemental capital, fields of membership among regulatory relief targets; your question answered about cash advances; plus this week’s legal briefs.
Breaking News: The NCUA last week released a much anticipated revised risk-based capital proposal.
New Congress and regulatory cycles open 2015 opportunities to provide regulatory relief and improve the operating environment for Northwest credit unions.
NCUA Board Member McWatters wants supplemental capital included in new RBC proposal; Chair Matz announces supplemental capital and field of membership working groups.
The NWCUA learned that the regulator is taking comments on RBC seriously. Expect new proposal and separate rule for interest rate risk.
NCUA Director Rick Metsger, a native Oregonian, returns to the Northwest on October 7, to address the Northwest Credit Union Association’s Amplify Convention and Annual Business Meeting in Spokane. Now one year into his regulatory role, Metsger shares his perspective with Anthem.
The NCUA’s chief economist will present an economic outlook and his perspective on interest rate risk management at the Executive Summit in Sunriver later this month. John Worth’s economic forecasts help to determine much of the regulator’s policy.
NCUA Director Rick Metsger announced support for Supplemental Capital in an address to Massachusetts credit unions this week. As well, he reiterated regulator plans to significantly review and adjust the proposed risk-based capital rule.
Credit unions have until May 28 to comment on the NCUA’s Risk-Based Capital proposal, and those who can’t submit their own letters still have time to add their names to the NWCUA’s strongly worded missive.
U.S. Rep. Derek Kilmer will add his name to the Capital Access for Small Businesses and Jobs Act, becoming the fifth member of the Northwest congressional delegation to support giving credit unions access to supplemental capital.
NWCUA Board Chair Debie Keesee is urging the nation’s small credit unions to add their voices to the debate over the NCUA’s Risk-Based Capital proposal, saying that “if adopted as proposed, it will have significant negative impact on the movement, including small credit unions like yours.” Keesee, president and CEO of Spokane Media Federal Credit Union, wrote the letter on behalf of CUNA’s Small Credit Union Committee, which she chairs.
Northwest credit union executives are in Washington, D.C., this week to meet with U.S. representatives, senators and federal regulators as part of the Northwest Credit Union Association’s “Hike the Hill” program. On the agenda: housing finance reform, merchant data breaches and the NCUA’s Risk-Based Capital proposal.