If passed, credit unions will be able to accept other forms of capital under certain conditions.
NCUA's Fazio tells Senate Banking Committee 77% of credit unions could gain regulatory relief.
Agency explores field of membership, secondary capital for low-income credit unions.
NCUA Board member also recommends RBC rule changes.
Read five major concerns trade associations air in their risk-based capital comment letters to the NCUA.
The NCUA's general counsel explains why the agency can't add supplemental capital access to its risk-based rule.
In interviews backstage at GAC, Sen. Mark Begich of Alaska and Rep. Denny Heck of Washington voice their support for Rep. Peter King's bill.
WASHINGTON — Credit union leaders meet with lawmakers to push for expanding access to supplemental capital.
The Coalition for Credit Union Access said they are Reps. Spencer Bachus (R-Ala.), Charles Rangel (D-N.Y.) and Kerry Bentivolio (R-Mich.).
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.