March 24, 2014 – NAFCU reaches out to member credit unions in a new video that focuses on the uses of the association’s risk-based net worth calculator and how it can help members prepare their comments on NCUA’s risk-based capital proposal.
The video features NAFCU Director of Regulatory Affairs Mike Coleman, Director of Research and Chief Economist David Carrier and Senior Economist Curt Long. The three provide an overview of the timetable for the current proposed rule – comments are due to NCUA May 28 – and the importance the agency is placing on the data it receives from credit unions during the comment period.
NAFCU’s risk-based net worth calculator, unveiled a few weeks ago, allows a credit union to adjust the risk weights contemplated in NCUA’s proposal to see how different weights will affect the institution’s balance sheet. It also facilitates scenario analysis.
Coleman said NAFCU is looking particularly for input from credit unions on the proposed rule’s risk weights for non-delinquent mortgage loans and investments. Viewers are also urged to complete NAFCU’s current Economic & CU Monitor survey, which focuses on capital and closes Wednesday.