NCUA agenda includes final RBC rule

NCUA logoNCUA has released its agenda for the agency’s upcoming board meeting. The open portion of the meeting is scheduled for Thursday, Oct. 18, at 10 a.m.

During the open meeting, the board will consider a proposed rule on federal credit union bylaws, and a final risk-based capital rule. The New York Credit Union Association has commented on both matters.

In a September comment letter to the agency, Association President/CEO William J. Mellin commended the agency for continuing to improve its risk-based capital rule, though he noted the Association felt implementing a capital ratio measure is unnecessary. He called on NCUA to raise the compliance threshold to $10 billion in assets, and he urged the agency to allow credit unions to use supplemental capital to meet their risk-based capital requirements.

In May, Mellin also wrote to NCUA to provide input on an Advanced Notice of Proposed Rulemaking on bylaw changes. Among other suggestions, he urged the agency to clarify precisely what powers credit unions have to remove disruptive and abusive credit union members.

The open portion of the meeting will be streamed live on NCUA’s website. Results from the meeting will be reported in The Point.


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