Few in survey see capital proposal as sensible
April 9, 2014 – Only 10 percent of credit unions responding
to a survey for NAFCU’s April Economic & CU Monitor said they thought
NCUA’s risk-based capital proposal is a sensible approach to controlling for
majority of survey
respondents said they thought the proposed rule’s risk weights should either be
about the same as those of community banks (79.3 percent) or less stringent
The survey for this month’s ECUM, released Tuesday, also
addressed credit unions’ financial literacy activities. Results are as follows:
87 percent of respondents said they provide
financial literacy training to their members, spending an average of 178 hours
per month on those programs.
93.1 percent of respondents said children are
the most frequent beneficiaries of such efforts; 75.9 percent said home buyers
were; and 72.4 percent said high-risk borrowers were.
82.8 percent of respondents said the financial
training they offer addresses home buying; 69 percent said it addresses online
financial tips, and 65.5 percent said it addresses overdraft avoidance.
findings are detailed in the April edition of NAFCU’s Economic & CU
NAFCU's Economic & CU Monitor
April 10 webcast on risk-based capital proposal
"Berger: NCUA can do more to reduce reg burden," 4/9/14
"Congress grills NCUA on risk-based capital," 4/9/14