3, 2014 – The presidents of NAFCU and CUNA joined Friday in urging NCUA Board
Chairman Debbie Matz to extend the comment period on the agency's risk-based capital
proposal by an additional 90 days.
In a joint letter to Matz, NAFCU President and CEO Dan Berger and CUNA President
and CEO Bill Cheney said the extension would also be useful to NCUA, which
would be able to include in the administrative record on this proposal any related comments and
recommendations received during the NCUA listening sessions
planned for June and July. They called the proposed rule “the most significant
proposed rulemaking that credit unions will face this year and likely for years
The two also urged NCUA to be mindful that credit unions continue to struggle from
regulation implementation responsibilities under a slew of major new rules from
NCUA as well as CFPB.
Comments on the proposed rule are currently due May 28.