July 24, 2014

Berger: NAFCU 'will not stop pressing NCUA'

July 24, 2014 – NAFCU President and CEO Dan Berger yesterday reiterated for Annual Conference attendees the association's continued commitment to keep pressing credit unions' concerns about risk-based capital requirements with NCUA.

Berger, closing the first day's general session, welcomed NCUA Board Chairman Debbie Matz's comments Wednesday about the agency's intent to ease the fixed-assets rule. That is a "great step forward," he said.

On RBC, the NAFCU president reiterated the association's estimate that credit unions would need to come up with a little more than $7 billion in capital if they want to retain their current capital cushion under NCUA's current proposal. He then pledged to keep pressing credit unions' concerns.

"We will not stop advocating on your behalf and will not stop pressing NCUA," Berger said.