The NCUA said if the risk-based capital rule it finalized Thursday were to take effect immediately, just 16 credit unions would need to either raise capital or reduce risk in order to comply.
The NCUA board approved the rule in a 2-1 vote and raised the question of how many credit unions would be required to act to conform to the measure in its final debate over the rule.
During the discussion, NCUA Director of the Office of Examination and Insurance Larry Fazio reported the 16 credit unions would have to add $67 million to their capital if they chose to add capital to comply with the rule instead of selling riskier assets.
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