BOSTON–CUNA Chief Economist Bill Hampel, who for the past several years had argued credit union capital levels have been too high, acknowledged he has altered his view on the issue, although not significantly.“Now, instead of being comfortable with capital between 7% and 9%, I would recommend between eight and ten,” he said during CUNA’s America’s Credit Union Conference here. “What is going to happen in Washington, if anything, in the next year or so will be an increase in capital requirements. As for secondary capital, I think Congress might be willing to allow access to secondary capital now that it realizes the importance of capital.”
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