Follow us
PrintNASCUS Capital Reform Resources
NASCUS has consistently encouraged the federal credit union regulator, Congress and others to consider capital reform for credit unions as a tool for enhancing safety and soundness. The current unpredictable economic environment and recent actions by Congress prompted the NASCUS Board of Directors to determine that now is the time to achieve legislative and regulatory amendments allowing credit unions access to supplemental capital and other capital reform measures.
Supplemental Capital Bill Now Pending in Congress
Feb. 10, 2012
New Bill Would Allow Supplemental Capital to Count Toward Credit Union Net Worth
The bill would make a change to the definition of net worth in the Federal Credit Union Act to allow non-share capital accounts to count toward a natural person's credit union's net worth. View summary here.
Feb. 9, 2012
NASCUS Applauds Introduction of Supplemental Capital Bill
Rep. Peter King (R-NY) introduced the Capital Access for Small Businesses and Jobs Act, H.R. 3993, legislation that will allow credit unions to access supplemental capital, a reform long supported by NASCUS.
Research, White Papers, Information
New White Paper Reinforces Need for Credit Union Access to Supplemental Capital
A new white paper published March 3, 2011 authored by Dr. James A. Wilcox titled "Reforming Credit Union Capital Requirements" presents a strong case that supplemental capital is an important and necessary reform for credit unions.
NCUA White Paper Suggests Supplemental Capital is Appropriate for Policy Consideration read more> download paper>
Filene Research Institute Releases Study Making Case for Alternative Capital for Credit Unions
In a NASCUS supported study, the Filene Research Institute makes the case for expanded sources of credit union capital in the newly released Alternative Capital for U.S. Credit Unions? A Review and Extension of Evidence Regarding Public Policy Reform. read more>
Q&A on Supplemental Capital for Credit Unions - NASCUS answers commonly asked questions about suppplemental captial for credit unions. (Updated June 2010)
Press and Recent News
Feb. 10, 2012
New Bill Would Allow Supplemental Capital to Count Toward Credit Union Net Worth
Feb. 9, 2012
NASCUS Applauds Introduction of Supplemental Capital Bill
Nov. 10, 2011
Matz Reiterates Support for Supplemental Capital, Estimates 8-11 Basis Point Corporate Assessment for 2012
June 15, 2011
NASCUS Chairman Shares Credit Union Capital Perspectives with International Regulators
March 14, 2011
New White Paper Reinforces Need for Credit Union Access to Supplemental Capital
Jan. 18, 2011
Matz Encourages Congress to Consider Credit Union Capital Reforms
April 12, 2010
NCUA White Paper Suggests Supplemental Capital is Appropriate for Policy Consideration
March 1, 2010
NASCUS Meets with Treasury, NCUA Board Members and Industry to Discuss Supplemental Capital, Other Issues
February 16, 2010
NASCUS Promotes Supplemental Capital for Credit Unions at Washington Credit Union League Event
Letters and Correspondence to Congress Regarding Capital Reform
Date |
Subject |
Links (pdf format) |
|---|---|---|
| 1/20/11 | Letters to Support NCUA Chairman Matz's 1/14/11 Congressional correspondence regarding capital reform | Letter to Rep.Bachus and Sen. Johnson |
11/14/08 |
Letter to Congressional Finance Committee leaders from the NASCUS Board and state regulators regarding supplemental capital |
|
10/21/08 |
House Financial Services Committee October 21 Hearing "The Future of Financial Services Regulation" NASCUS submission focused on capital reform. |
|
3/6/08 |
House Financial Services Committee March 6, 2008 Hearing "The Need for Credit Union Regulatory Relief and Improvement" |