Lobby of the NCUA.

The NCUA board will consider a final rule governing risk-based capital at its Oct. 18 meeting.

As originally proposed by the board in August, the rule would delay for one year the risk-based capital rule as originally adopted. Under the proposal, the rule would go into effect in 2020. It also would increase the risk-based capital threshold from $100 million to $500 million.

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It was not clear Thursday whether any changes would be made to the proposed rule.

As originally adopted in final rule form, NCUA planned to institute a risk-based rule for credit unions with more than $100 million in assets.

However, that plan drew opposition from some House members as well as credit unions.

Those House members included a two-year delay in the rule in several pieces of legislation, but none have been enacted so far.

The board also will consider a proposed rule on credit union bylaws.

On Oct. 17, the board will meet to discuss the agency's next budget. The agency has proposed a $334.8 million budget for 2019, a 4.3% increase above the board-approved budget for this year.

The budget is posted on the agency's website and the board is soliciting comment on the plan.

As the NCUA board meets, it still will have only two members and board member Rick Metsger's term has expired.

In a Thursday speech at the Cooperative Credit Union Association annual convention, NCUA Board Chairman J. Mark McWatters said he and Metsger have developed a collegial and cooperative working relationship.

"I don't always get what I want," he said. "And neither does Metsger. But we get what we need."

He said that was not the case in the past, under the former chairman "whose name escapes me." That former Chairman was Democrat Debbie Matz, with whom Republican Metsger frequently clashed.

"We needed to change the tenor," he said, adding that "It was a bit embarrassing to me." McWatters said if he had a choice, he would simply run the agency with Metsger. However, he added that Metsger "is going to want to move on sooner rather than later."

President Trump has nominated Republican Rodney Hood, a former NCUA board member, to return to the board. He has not yet nominated a Democrat for the third seat.

McWatters pointed out that Hood's nomination expires at the end of the year if he is not confirmed by then.

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