NY CUs Press Risk-Based Capital

Register now

The New York State Credit Union League said it plans to significantly boost its lobbying efforts in support of risk-based capital.

"Progressive credit unions have identified risk-based capital as a more desirable approach to measuring their regulatory net worth," the league said. "The use of risk-based capital would not require credit unions to solicit funds from outside the credit union system, which would most likely be the case with secondary capital (another alternative to problems resulting from PCA)."

For the best in daily news updates, visit www.cujournal.com.

For reprint and licensing requests for this article, click here.