Fazio Talks Details About the New RBC Rule

During a NAFCU webcast yesterday, Larry Fazio, Director of Examination and Insurance for the NCUA, shared details about the Agency’s goals for the new RBC rule and how credit unions should prepare for the 2019 implementation date. He added that complex credit unions should, in 2017, start looking at their capital adequacy plans, their RBC capital ratio, and at how changes in their business plans may affect their capital ratios. [10/27/15]