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.