Demangone: RBC the CU industry’s ‘buzz-saw’
May 8, 2014 – NAFCU’s Anthony Demangone likens NCUA’s risk-based capital proposal to a “buzz-saw” in a blog post today reminding credit unions of the analysis and tools NAFCU is providing online to help them formulate comments on the proposed rule.
“Sure, leadership is about communicating clearly, creating a vision and motivating your colleagues to reach their full potential,” Demangone, NAFCU's executive vice president and COO, writes in today’s post on Musings from the CU Suite. “But sometimes, it is about recognizing when your credit union or the industry is driving into a buzz-saw.
“At NAFCU, we think that's about to happen with NCUA's risk-based capital proposal.”
Credit unions have until May 28 – about three weeks from now – to complete their comment letters and deliver them to NCUA on the RBC proposal. The proposed rule would affect all credit unions with more than $50 million in assets.
In his blog post, Demangone talks about the proposed rule’s risk weights and lists the resources provided for members, and available still, to aid their reviews and comment-letter writing:
Demangone also notes this proposed rule will be addressed fully during NAFCU’s Annual Conference and Solutions Expo this July in Las Vegas. Among this year’s speakers are NCUA Board Chairman Debbie Matz, Examination and Insurance Director Larry Fazio, and Office of Small Credit Union Initiatives Director William Myers.
NCUA's proposed rule
Talking points (members only)
Comment letters received by NCUA
NAFCU's Annual Conference and Solutions Expo in Las Vegas
Musings from the CU Suite post