DETROIT – CUNA Deputy General Counsel Mary Dunn urged executives attending the National Federation of Community Development Credit Unions 40th annual conference to write NCUA about the agency's proposed rule on risk-based capital.
The NCUA proposed credit unions of more than $50 million in assets comply with risk-based capital evaluation and requirements. While Dunn acknowledged that only some executives at the conference come from credit unions of that size, all credit unions need to be concerned about the new rule.
"I know only a few people in this room come from credit unions that might fit into this category," Dunn said, "but even if you don't fit that category today, you will likely fit it in the future and you need to make your voices heard."
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