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BOISE, Idaho — The time for risk-based capital “is well overdue” for credit unions and conditions are improving for passage perhaps in a year, according to former NCUA aide Kirk Cuevas.

Addressing the annual meeting of the Idaho Credit Union League May 16, Cuevas, a principal partner in Dollar Associates, the Birmingham, Ala., consulting firm and former NCUA chief of staff, said the one size fits fall rule of a 7% threshold is grossly antiquated and needs to be adjusted by Congress so CUs can adequately serve members.

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