LOS ANGELES — NCUA Chairman Debbie Matz and other officials representing the agency during a June 26 Listening Session got an earful from credit union CEOs on risk-based capital and interest rate risk. But the CEOs who made the trip were also on the receiving end of new information from the NCUA, hearing about likely changes to the final RBC rule, when to expect it and various exam insights.

Approximately 150 credit union executives attended the three-hour event at downtown LA's Westin Bonaventure Hotel, along with a large contingency of NCUA employees that included Region V Director Elizabeth Whitehead and all the region's supervisory examiners.

During her opening address, Matz revealed the NCUA will likely reduce the risk weights on five specific asset classes in its final RBC rule. Mortgages, member business loans, investments, CUSOs and corporates will get a second look and their risk weights will be "presumably lowered," Matz said.