At its January 15th board meeting, the NCUA released a number of documents concerning its Revised Risk-Based Capital (RBC) Rule proposal, including a FAQs sheet, RBC estimator, and more. The League has made available these documents on its Web site on its RBC page: www.njcul.org/RBCtools.aspx.
April 27 is RBC2 comment deadline. The proposal was printed in the January 27th issue of the Federal Register, thereby kicking off the 90-day comment period set by the agency.
We will continue to update our member credit unions on the progress of this revised rule as information becomes available.
If you have any questions, please contact Director of Compliance Nicola Foggie at firstname.lastname@example.org or 800-792-8861 ext. 112.