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CUNA NAFCU Join Forces to Urge Additional 90 Days for RBC Comments

Mon, Mar 10, 2014

Washington, District Of Columbia

The Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU) on Friday sent a letter to all three members of the National Credit Union Administration (NCUA) Board urging the agency to allow an additional 90 day comment period on the Risk-Based Capital proposal. If additional time is not granted, the comment period will expire May 28th. Both organizations have concluded that is simply not enough time for credit unions to analyze thoroughly the proposal and develop well-reasoned comments based on their individual circumstances.


Source: CUNA