Town Hall MeetingsNCUA has released for comment its proposed revisions to the regulations pertaining to corporate credit unions. At 253 pages, the major revisions include...
- Establishing a new capital scheme, including risk-based capital requirements
- Incorporating prompt corrective action requirements
- Imposing new concentration limits on investments
- Integration of new asset/liability management tests and controls
- Amending corporate governance provisions
- And, limiting a corporate CUSO's products to categories pre-approved by NCUA
These revisions and others included in the proposed regulation will have a far-reaching impact on all corporate credit unions in each area of corporate operations.
Join KCCU at a Town Hall Meeting as we share our insight about what the proposed regulatory revisions mean for Kansas Corporate and credit unions.
During the meeting we will...
- Help make sense of the proposed regulation as it consists of different asset/liability testing requirements, capital standards, and terminology not found in natural person credit union regulation.
- Share potential business models and scenarios we've reviewed as well as discuss our efforts to ensure members continue to have future access to our products and services currently relied upon.
- Highlight areas of the proposed regulation we strongly believe credit unions need to comment on in order for Kansas Corporate to continue to serve you in the competitive and cooperative manner we have since inception.
- Answer your questions to help you comply with NCUA's request for comment.
Click HERE to register for the meeting nearest you. For questions, please contact Heather Seiler, Executive Assistant, at 800.721.2677 | Ext. 109.
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