ALEXANDRIA, Va.—NCUA has launched a webpage that allows CUs to send suggestions to the agency on secondary capital.
The comments go to NCUA’s Secondary Capital Working Group, formed in December to look at opportunities for low-income designated credit unions to access secondary capital, and to explore potential legislative means to increase access to supplemental capital for all credit unions.
“For years I have heard from credit unions around the country about the need for supplemental capital, and increasing access to it is a top priority of NCUA’s regulatory relief efforts,” NCUA Board Chairman Debbie Matz said in a release. “This webpage will be valuable resource for stakeholders who are interested in helping to shape our efforts to increase access. I encourage credit unions to provide us with their suggestions.”
The working group’s webpage, which also contains secondary capital resources, is available here. CUs can also send suggestions to the working group at SCWG@ncua.gov.