March 31, 2014

NAFCU releases talking points on NCUA's capital proposal

April 1, 2014 – NAFCU on Monday released a guide of talking points to assist its credit union members in writing and submitting their comments to NCUA on the risk-based capital proposed rule, which are due to the agency by May 28.

NAFCU identified several specific areas of concern in NCUA's risk-based capital rule, including: the proposal's risk-weights for non-delinquent first mortgage real estate loans, credit union service organizations, investments, member business loans, the individual minimum capital requirement and the rule's implementation period. The association laid out these areas and listed why they are problematic for credit unions.

"This information will help your credit union personalize your comment letters to NCUA, enabling you to highlight important issues and incorporate information from your portfolios and your credit union's operational decisions," said NAFCU Director of Regulatory Affairs Mike Coleman.

NAFCU's talking points also include a more in-depth look at some of these areas of concern with background information and analysis on these specific issues.

These talking points are available on NAFCU's capital reform webpage as a member-only resource. NAFCU is also requesting members to submit comments on this issue to be included in its letter to NCUA. The association has extended the deadline for responses to its survey to April 15. The survey can be found by clicking the "Send comments to NAFCU" button found here.