We need comprehensive capital reform for credit unions, such as allowing access to subordinated debt sources and making the statutory changes necessary to design a true risk-based capital system.
We believe that capital standards for credit unions must be modernized and reflect the realities and challenges of the 21st century financial marketplace. NAFCU remains concerned about the impact the risk-based capital rulemaking will have on the credit union industry, including regulatory burden and increased costs. NAFCU continues to advocate for additional capital flexibility and will be providing comments in response to the NCUA’s 2020 proposal on subordinated debt.
How This Impacts You
Credit unions did not engage in the risky lending practices that led to the financial crisis and have not cost taxpayers a single dime. Given the negative impact the National Credit Union Administration’s (NCUA) risk-based capital proposal could have on credit unions, it has never been more important for Congress to consider allowing credit unions access to subordinated debt sources.
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March 16, 2023
Subordinated debt rule to be finalized today
May 19, 2021
NAFCU to NCUA: Modernization, reforms needed to ensure healthy industry
April 19, 2021
NCUA renews PCA relief
In the News
CUToday.info | June 20, 2019RBC Delay Draws Reactions from Dennis Dollar, NAFCU, NASCUS
American Banker | June 20, 2019Credit unions get reprieve (again) on capital rule. Bankers jeer
CUToday.info | June 17, 2019Risk-Based Capital Rule On This Week’s NCUA Board Meeting Agenda View all
Letters & Comments
December 05, 2022Comment Letter to NCUA on Subordinated Debt
October 28, 2021Joint Letter to NCUA on Subordinated Debt
October 15, 2021Comment Letter to NCUA on Complex Credit Union Leverage Ratio View all