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FOR IMMEDIATE RELEASE

NAFCU: Disappointed With NCUA's Advancement of Second Risk-Based Capital Proposal

Washington (Oct. 8, 2015) - National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to the National Credit Union Administration's (NCUA) inclusion of its second risk-based capital proposal on the agency's open board meeting agenda Oct. 15.

"NAFCU is disappointed to see NCUA moving forward with its second risk-based capital proposal, despite the concerns raised by credit unionsand Congress as to the rulemaking's approach, impact, and cost," said Berger. "We firmly believe that NCUA should heed the bipartisan vote of 50 members of the House Financial Services Committee, and not finalize this rule until the industry's concerns are adequately addressed and NCUA works with Congress to bring about legislative reform that will establish a true and fair risk based capital regime for credit unions."

The National Association of Federal Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation's federally insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. www.nafcu.org.

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Patty Briotta
Director of Public Relations
Office:703-842-2820
pbriotta@nafcu.org