July 14, 2014

Berger talks RBC with Matz, Metsger

July 15, 2014 – NAFCU President and CEO Dan Berger discussed members' concerns about the agency's risk-based capital proposal and other issues in separate meetings held Monday with NCUA Board Chairman Debbie Matz and Board Member Rick Metsger.

"I thank Chairman Matz and Board Member Metsger for the opportunity to discuss credit unions' concerns about this complex proposal," said Berger. "NAFCU looks forward to an ongoing, open dialogue with NCUA on risk-based capital and other supervisory and regulatory matters affecting credit unions.The agency's stated willingness to make changes is very much appreciated, though – as with most things – the devil is in the details."

During Monday's meetings, Berger reiterated concerns about the overall impact of NCUA's proposed rule on credit union operations and reiterated the need for a lengthy period for implementation. NAFCU, in its official comment, sought at least a three-year implementation period for the proposed risk-based capital rule.

NAFCU members have continued to press credit unions' concerns during the agency's listening sessions; association staff and several NAFCU member credit union representatives are set to participate in the third and final session this Thursday in Alexandria, Va.