August 19, 2015

NAFCU, NCUA talk supplemental capital

NAFCU representatives were at NCUA Wednesday for a discussion with policy staff on supplemental capital, the subject of an agency proposal expected out this fall.

NCUA Chairman Debbie Matz announced in June that the agency expects to release a supplemental capital proposal that would work with the risk-based capital rule once that is finalized and put into effect in January 2019.

NAFCU supports allowing credit unions access to supplemental capital and has been pushing for that at the regulatory and legislative fronts.

The NAFCU contingent in yesterday's meeting included Senior Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Alicia Nealon and Director of Research and Chief Economist Curt Long. NCUA participants included Examination and Insurance Director Larry Fazio, General Counsel Mike McKenna and other agency staff.