By Mark H. Smith
NCUA has proposed major revisions to its original Risk Based Capital (RBC) Rule published early in 2014.
The revisions include major changes in the number of credit unions impacted, the implementation period, and the risk weights proposed for various classes of assets. Also, the Rule lowers the level of RBC necessary to be considered well-capitalized under the Rule.
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At Mark H. Smith we have noted the significant increase in real estate lending for many of our clients. Some credit union loan portfolios now have more than 50% allocated to real estate loans. This is a significant change from the past. What does this mean for credit unions? Well, for starters, more interest rate risk.
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In the fourth quarter of 2014 Mark H. Smith, Inc. conducted a survey of credit unions (both clients and non-clients) to assess their recent experiences with federal and state regulators.
We received 89 responses from credit unions ranging in asset size from $10 million to $1 billion. As you'll see in the data, and this was expected, the level of scrutiny is roughly proportional to overall asset size.
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Jan./Feb. 2015
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Client Corner: A 15-Minute Job That Takes 6 Months to Complete
By Cynthia R. Walker, CEO, Mark H. Smith, Inc.
Reviewing and updating your ALM and IRR Policies could be a relatively easy task and shouldn't be put off.
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Upcoming Webinars
NCUA's Revised Risk Based Capital Proposal: What should you be doing now?
Register for this webinar
Thursday, Jan 29 at 12pm MST
NCUA published their revised Risk Based Capital proposal on January 15th.
While the revision allows for an extended implementation timetable (4 years), there are some things you can be doing now to respond, and to prepare.
Mark will provide a walk-through and commentary on the revised proposal in this live Webinar.
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