ALEXANDRIA, Va. (April 17, 2014) – Federally insured credit unions with questions about the National Credit Union Administration’s proposed risk-based capital rule have a new resource just a click or two away: a two-part, 20-minute video released today by the agency.
“NCUA’s risk-based capital proposal is complex, but its overall purpose is simple,” NCUA Board Chairman Debbie Matz said. “This proposal has generated a great deal of discussion, and some misinformation, so we are providing the new video during the comment period to explain why a rule is necessary and how it would affect credit unions. We hope this will provide stakeholders with useful information as they evaluate the proposal.”
The free video, available on NCUA’s YouTube channel, will help credit unions understand how and why NCUA’s proposal differs from the Federal Deposit Insurance Corporation’s rule and Basel III. Introduced by Chairman Matz, the video provides an in-depth review of why the rule is needed and how credit unions would fare under both the current risk-based net worth system and the proposed risk-based capital rule.