May 16, 2014 – The NAFCU-supported letter from House members expressing concerns about NCUA’s risk-based capital proposal garnered a total of 324 signatures before it was sent Thursday to NCUA Chairman Debbie Matz.NAFCU President and CEO Dan Berger sent thanks to the letter’s chief authors, Reps. Peter King, R-N.Y., and Gregory Meeks, D-N.Y., for their leadership in spearheading this message of concern to NCUA about the impact of the agency’s proposed rule on credit unions. He reiterated the importance Thursday of NCUA “getting this rule right for all credit unions.”NCUA’s proposed capital rule would affect all credit unions with more than $50 million in assets. The letter lawmakers sent Thursday does three key things:
The deadline for comment letters to NCUA on the proposal is May 28. Matz has declined to provide an extension thus far.