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League Asks Credit Union CEOs to Complete Risk Based Net Worth Survey

Credit Union CEOs in Rhode Island, Massachusetts, and New Hampshire received an e-mail recently asking them to participate in a very important survey designed to gather their thoughts and concerns regarding the NCUA’s proposed Risk Based Net Worth proposal.  This proposal would mean that many credit unions that have a set percentage of loans in certain business lines would have to substantially increase the amount of capital that they hold.

In a message accompanying the survey, Association President Paul Gentile wrote, “There is no more powerful way t o advocate with the regulators than with sold data.”  He went on to explained that the data collected would be the basis of a regulatory comment letter that the League is preparing and asked for responses by March 14.

Please click here to access to the survey.  

Credit unions that complete the survey will also be helping the League-supported charities in their states.  Each completed survey will earn a $25 donation for theSpecial Olympics Rhode Island,  Massachusetts Coalition for the Homeless,  or Make-A-Wish® New Hampshire.