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NAFCU Reiterates Top Concerns to NCUA on Second Risk-Based Capital Proposal
FOR IMMEDIATE RELEASE
NAFCU Reiterates Top Concerns to NCUA on Second Risk-Based Capital Proposal
Washington (Dec. 17, 2014) – National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statementin conjunction with the association's letter to the National Credit Union Administration (NCUA) on the agency's second risk-based capital proposal.
"NAFCU believes it is critical that NCUA effectively consider and incorporate industry input to ensure that an appropriate risk-based capital regime is adopted for credit unions," said Berger. "Wewere pleased to see NCUA establish a working group as it considered comments for the first proposal, and we urge the agency to establish a similar working group as it moves forward on the second proposal."
NAFCU is pleased that the NCUA Board has indicated that it will make a number of changes in the second proposal.
The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.
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Contact: Patty Briotta | 703-842-2820 | pbriotta@nafcu.org
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