Matz said NCUA staff has reviewed all of the more than 2,000 risk-based capital comment letters at least once.

NCUA Board Member Michael Fryzel said the agency should take as much time as necessary to craft the best possible rule for the credit union system.

“My concern here now is that we take the time to continue to listen to what people have to say, make changes, let people look at it, let's get some more feedback and make sure that the final rule that we come out with, everybody understands and is able to move forward and do business with,” he said.

NCUA Board Rick Metsger said he recently met with Mary Dunn, CUNA's senior vice president and deputy general counsel. NCUA Chairman Debbie Matz was scheduled to meet with CUNA representatives on Thursday.

“I'm very appreciative of the trade organizations' approach. They understand the importance of capital. They understand the importance of adjusting our risk-based capital to give us meaningful information as a regulator, to not only to preserve the share insurance fund, but also for credit unions to have a mirror to look at to see where they stand in terms of the risk profile, and to update that for modern times is important,” Metsger said after the board meeting.

“They were very constructive discussions – issues of concern, how we might move to an approach that might zero in and focus those risks more clearly, gaining their perspective on that so it was collaborative and I think very helpful,” he added.