The leaders of CUNA and NAFCU yesterday wrote NCUA Chairman Debbie Matz requesting her "leadership and assistance" in moving capital reform through Congress.

CUNA President Bill Cheney and NAFCU President Fred Becker wrote that the issue is one of "ever-increasing importance" and requested a meeting with Matz to discuss the issue further.

Last year, Matz wrote House Financial Services Committee Chairman Barney Frank (D-Mass.) that modifying the Federal Credit Union Act to expand its definition of net worth to allow uninsured capital instruments would let some credit unions "better manage net worth levels under varying economic conditions."

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