Fresh off the heels of its proposed risk-based capital rule, the NCUA Thursday launched a new online tool to help credit unions gauge their ability to comply.
The Risk-based Capital Calculator provides users a comprehensive overview of a credit union's capital ratio and Prompt Corrective Action category under both the current rule and the proposed regulation, the NCUA said in a release. Those capital numbers would be visible to the public as well as credit unions.
Although the proposed rule would only apply to credit unions with assets of more than $50 million, the risk-based calculation tool is available to all federally insured credit unions. Users can search for a specific credit union by name or by charter number.
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