CUNA Expresses Support For 'Safe Harbor' Proposal
CUNA told NCUA it strongly supports the agency's proposal to create a "safe harbor" for
CUNA's input came in a comment letter to NCUA on its proposed revisions to Prompt Corrective Action rules.
NCUA is proposing the "safe harbor" in part to help credit unions that have been dragged below the adequately
In its letter, CUNA also:
* Urged NCUA to drop the requirement for a regular reserve account at credit unions.
* Urged NCUA to increase the threshold for member business loans, consistent with NCUA's risk assessment for
* Urged the agency to consider the use of secondary capital for undercapitalized credit unions in some contexts as