NCUA's Capital Proposal: Cure Could Kill Patient
The medical profession's oath to “first, do no harm” would be an apt principle for the financial industry's prudential regulators, including the NCUA, to follow. Unfortunately, the NCUA has released a proposed risk-based capital rule that would go quite the other way. It may just kill the patient.
Every credit union's field of membership, market, products, services and business plan are different. This proposal will, quite simply, put healthy credit unions out of business.