The National Credit Union Administration (NCUA) is seeking comment on a plan to alter the agency’s prompt corrective action framework by replacing its current risk-based net worth requirements with new risk-based capital requirements. The proposal, which would apply to credit unions with $50 million or more in assets, would revise risk-weights for many of NCUA’s current asset classifications.
The NCUA board unveiled the risk-based capital proposal on Jan. 23. Comments on the proposal are due 90 days after publication in the Federal Register, which is expected shortly.