Newsroom

March 11, 2014 – NAFCU is urging its members to use its online risk-based capital calculator to evaluate the impact of NCUA's proposed risk-based capital rule on their operations as they prepare their input to the agency.

Unlike the calculator NCUA published on its own website, the NAFCU calculator allows credit unions to vary assumptions for return on assets, growth and risk weights for different types of assets. Credit unions can use this member-only calculator to forecast the impact of NCUA's proposal on their balance sheets over the next five years; they may also use it to evaluate how changes in the risk weights would impact their risk-based net worth today and in the future.

NAFCU Senior Vice President and General Counsel Carrie Hunt emailed members Friday to encourage them to use this tool and other information on NAFCU's website as they review the proposed rule and formulate their own official comments letters to NCUA.

"Use the calculator to help strengthen your arguments when writing your credit union's comment letter," she wrote. "The calculator can also be a helpful tool when putting together a CEO report to your board on the impact of the rule on your credit union."

NAFCU is seeking additional input from members this month in a survey for the next issue of the Economic & CU Monitor.