The NCUA board in January will take the first steps toward considering a plan to allow credit unions to raise supplemental capital, but staff members warned that the proposal is fraught with potential stumbling blocks.
The board agreed on Oct. 27 to issue a notice of proposed rule-making in January. That will allow stakeholders to comment on the proposal before proposed rules are issued, which would give stakeholders another opportunity to comment.
Credit unions have said that their growth is hampered by the inability to raise supplemental capital.
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