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NAFCU representatives are at the NCUA Board's open meeting today and will record the discussion of the agency's next risk-based capital proposal, slated for release during the meeting.

Subsequent to the meeting, NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt will also provide NAFCU members with detailed analysis of the rule in a video message.

Earlier this week, NAFCU President and CEO Dan Berger advanced members' concerns about the proposal in a meeting with NCUA Chairman Debbie Matz and, in separate meetings, with Vice Chairman Rick Metsger and Board Member J. Mark McWatters.

The association has welcomed the prospect of a second opportunity for credit unions to weigh in on NCUA's coming new iteration of RBC, but it still has concerns about how any such a proposal will affect credit unions and their ability to effectively serve their members. NAFCU had numerous concerns about the first proposed rule and will be reviewing the new one closely to see how much better credit unions might fare under this version.

Based on past announcements from NCUA, NAFCU expects the new proposed rule will have at least a 90-day comment period.

NAFCU's video of the meeting will be made available online. NCUA is also expected to post a recording and transcript of the Jan. 15 open meeting within the next several weeks.

The open board meeting is set for 10 a.m. Eastern at NCUA's Alexandria, Va., headquarters. Also on the agenda are the agency's 2015-16 annual performance plan, a proposal on capital planning and stress testing schedules and a community charter request for 360 Federal Credit Union (Windsor Locks, Conn.).

A closed meeting is also scheduled for 8:30 a.m. today.