NJCUL Hosting Risk-Based Capital Proposal Comment Letter Workshops

Posted by Marissa Anema Wednesday, March 19, 2014 2:35:00 PM
 

Click here to register.

The New Jersey Credit Union League is hosting three free comment letter-writing workshops addressing the NCUA’s Risk-Based Capital Proposal. Who should attend: Credit union compliance staff or anyone involved in their credit union’s comment letter writing process. This proposal has the potential to affect not only large credit unions, but also the entire industry, so all asset-sized credit unions are welcome to attend. Affiliated member credit unions may choose any one of the dates listed to register.

The League will hold the first of the three free workshops on March 20, at McGraw-Hill FCU, 120 Windsor Center Drive, 
East Windsor, NJ 08520, from 9:00 am – 12:00 pm.  Attendees are strongly encouraged to bring a wireless enabled laptop device to the workshop.

North and South Jersey workshop dates and locations include:

March 27                            April 3

Bay Atlantic FCU             Greater Alliance FCU
101 W. Elmer Road          40 West Century Road
Vineland, NJ 08360          Paramus, NJ 07652
9:00 am – 12:00 pm          9:00 am – 12:00 pm

During the first segment of the workshop, the League’s Director of Compliance, Nicola Foggie, CUCE, BSACS, will provide participants with a broad view of the NCUA’s Risk-Based Capital Proposal. Next, a walk through of the challenges the proposal poses to credit unions and the industry. For the remainder of the workshop, we will work with attendees on incorporating their credit union’s thoughts and comments when writing their individual Risk-Based Capital Proposal letter to the agency.

Attendees can prepare for the workshop by clicking here to view CUNA’s resources on “Understanding the Proposal”. Links include a short educational video on the proposal and comment letter writing process, as well as access to CUNA’s resources to “Determine the Impact” of the proposed rule, which includes links to CUNA’s and NCUA’s R-B Capital Calculators, Risk Weight Comparison Charts, and State-by-State Credit Union Capital Ratios Listing.

To register today for a Workshop email mzelinsky@njcul.orgDon’t forget to bring your laptops!

Click here for more Comment Letter Writing Tips.

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