The National Association of Credit Union Service Organizations is concerned that the NCUA's risk-based capital rule proposal does not reflect a fair assessment of the actual risks of assets held by a particular credit union.
NACUSO President/CEO Jack Antonini shared that point in the organization's March 5 comment letter to the NCUA on the proposal.
"This proposal seems to supplement the current one-size-fits-all net worth system in place since 1998 with what is little more than a revised, and more complicated, one-size-fits-all risk based capital version," Antonini wrote.
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