Regulatory & Compliance

Kansas credit union reported 9.39% net worth as of Sept. 30.

Board Member Michael Fryzel said derviatives authority, approved at Thursday's monthly meeting, will cost $2.6 million the first year.

Board Member Michael Fryzel said derviatives authority, approved at Thursday's monthly meeting, will cost $2.6 million the first year.

NCUA Board Member Rick Metsger said the NCUA didn't wait for Congress to act on risk-based capital requirements, despite trade calls to do so.

The NCUA's proposed new capital standards for credit unions over $50M raises capital requirements and requires risk-weighting 10 asset classes.

The NCUA's proposed new capital standards for credit unions over $50M raises capital requirements and requires risk-weighting 10 asset classes.