The NCUA board in January will take the first steps towardconsidering a plan to allow credit unions to raise supplementalcapital, but staff members warned that the proposal is fraughtwith potential stumbling blocks.

The board agreed on Thursday to issue a notice of proposedrule-making in January. That will allow stakeholders to comment onthe proposal before proposed rules are issued, which would givestakeholders another opportunity to comment.

Credit unions have said that their growth is hampered by theinability to raise supplemental capital.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.