June 25, 2014

Berger, Hunt talk capital in member call

June 26, 2014 – NAFCU President and CEO Dan Berger spoke about NCUA's proposed risk-based capital rule during the member-only call-in on Thursday, thanking members for their many comment letters on the subject.

Berger also noted the numerous letters from members of Congress, including the one signed by 324 House members and sent to agency Chairman Debbie Matz. "I've been doing this for 27 years and I've never seen so many letters, or signatures on letters, going from Capitol Hill to a financial regulator, ever," Berger said. Vice President of Legislative Affairs Brad Thaler agreed the number of letters and signatures on capital reform was "unprecedented."

Berger and senior staff updated members on what's next for the risk-based capital proposal, as well as other pending regulatory matters and developments on Capitol Hill. Senior Vice President of Government Affairs and General Counsel Carrie Hunt also reminded members about NCUA's listening session in Los Angeles scheduled for today and underscored the importance of continuing the dialogue with the agency on RBC. She emphasized the importance of credit unions having clear guidelines about what their regulatory capital levels should be and that these should not be determined by examiners.

Thaler and Vice President of Political Affairs Katie Marisic also touted the importance of credit union representatives gathering on Capitol Hill for NAFCU's Congressional Caucus in September to promote the industry's top concerns.

The recording of Wednesday's call-in has been archived online and is available to members now (login required).