In a letter to National Credit Union Administration (NCUA) Chairman Debbie Matz this week, Carolinas Credit Union League (CCUL) President/CEO John Radebaugh encouraged the NCUA to put its revised risk-based capital (RBC) proposal out for a second comment period.
“I strongly urge the NCUA to issue a supplemental proposed rule with an additional comment period,” wrote Radebaugh.
A second comment period is an issue that has been raised by many in the credit union community and on Capitol Hill.
“Overall, NCUA has been receptive to the concerns of the credit union community as it relates to the risk based capital proposal,” Radebaugh continued. “However, they haven’t been particularly forth coming as to whether there will be a second comment period. Many across the industry have raised this concern and as we get closer to a final rule we felt it was important for Chairman Matz to hear from the League on behalf of credit unions in the Carolinas on this issue.”