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Matz Calls for Supplemental Capital and New Definition of Total Assets

Saying she wants to "reverse the disincentive," for credit unions to accept new deposits, NCUA Chairman Debbie Matz asked Congress to let credit unions exclude no-risk assets from their definition of total assets and to allow supplemental capital.

By Claude R. Marx | Updated on January 16, 2011

Saying she wants to “reverse the disincentive,” for credit unions to accept new deposits, NCUA Chairman Debbie Matz asked Congress to let credit unions exclude no-risk assets from their definition of total assets and to allow supplemental capital.

In a letter to the leaders of the Senate Banking and House Financial Services committees, Matz cites short-term Treasury securities as an example of the type of no-risk investment that credit unions should be able to exclude from their “total assets” definition.

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