Risk-Based Capital Rule for Credit Unions

Financial Institutions

January 01, 2016
by Brett Schwantes, CPA

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Brett Schwantes Brett Schwantes, CPA
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In October, the National Credit Union Administration (NCUA) issued its final regulation regarding prompt corrective action.  Effective January 1, 2019, this rule creates a new risk-based capital requirement for all federally insured, natural-person credit unions defined as “complex.”  “Complex” credit unions are defined under the rule as having total assets exceeding $100 million, thus credit unions with assets of $100 million or less will not be subject to the new capital requirements.

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