Last week, the NCUA board finalized its risk-based capital rule, set to take effect Jan. 1, 2019. But this isn’t the end of the RBC story for the credit union industry.

NAFCU maintains that this rule is unnecessary and costly. Even the agency acknowledges that RBC will cost roughly $4 million to implement and countless, unknown millions for credit unions to maintain current capital levels in the future. As part of our ongoing fight to address these concerns, NAFCU will continue its work with Congress to ensure credit unions end up with the best capital system possible.

Along this journey, some members of Congress have recognized the regulatory burdens faced by credit unions and questioned the NCUA on the need to establish RBC rules for such a well-capitalized and healthy industry.


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