ACCU Excited About NCUA's Openness on Risk-Based Capital for Corporates

WASHINGTON - Association of Corporate Credit Unions Executive Director Mike Canning said the ACCU will deliver its risk-based capital proposal for corporates to NCUA in about three weeks. Canning said recent comments by NCUA Vice Chairman Rodney Hood are exciting because they show he is open to the idea. NCUA...

By Staff Writer | February 07, 2006 at 07:00 PM

WASHINGTON – Association of Corporate Credit Unions Executive Director Mike Canning said the ACCU will deliver its risk-based capital proposal for corporates to NCUA in about three weeks. Canning said recent comments by NCUA Vice Chairman Rodney Hood are exciting because they show he is open to the idea. NCUA Chairman JoAnn Johnson is already on record about the need to explore a risk-based capital option for corporates. "We're pleased that NCUA appears open to look at this important issue," said Canning.

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