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MCUA Applauds Credit Unions for Commenting on NCUA's RBC Proposal

Missouri credit unions stepped up to comment on the National Credit Union Administration (NCUA) Risk-Based Capital (RBC) proposal. The official letter count was 2,050, with 17 from Missouri institutions. The unprecedented number of letters is the strongest indication yet of the broad-based concerns credit unions have regarding the proposal.  The Missouri Credit Union Association thanks credit union leaders in the state for sending in comment letters and voicing their concerns about RBC. 

MCUA also submitted a comment letter, urging the following changes:

  • Lower the RBC requirement for well-capitalized CUs to what it would be for adequately capitalized credit unions
  • Allow the 1 percent NCUSIF deposit (and goodwill) to be included in the calculation of RBC
  • Eliminate the provisions regarding the ability of NCUA to impose additional minimum capital
  • Improve the risk-weightings
  • Provide a better definition of "complex" credit union
  • Allow much more than 18 months for implementation

MCUA is also urging NCUA to make serious improvements in the examination process to help examiners identify material problems earlier without micromanaging well-managed credit unions.

The first NCUA Listening Session takes place June 26 in Los Angeles. There is still space available; click here to register. MCUA representatives will attend the session in Chicago on July 10.  There is currently a wait list for the Chicago event.



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