The NCUA board approved plans Thursday to seek public comment on alternative types of capital that might be used to meet statutory capital standards.
"There are significant implications of alternative capital for the credit union system, and this subject is just as important for credit unions who aren't planning to issue alternative capital as it is for those who are," Chairman Rick Metsger said. "Agencies issue these advance notices when they are considering a wide range of options and are looking for comment on the best course to follow."
Board member J. Mark McWatters agreed with the proposal, saying the board is moving slowly on the complex issue.
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