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The NCUA Board today is expected to finalize a rule amending its 2015 risk-based capital (RBC) rule and issue a proposal to modernize the Federal Credit Union (FCU) Bylaws during its NAFCU-attended open meeting. NAFCU strongly supports a delay in NCUA's capital rule, and the association has ardently advocated for bylaws changes.

Today's meeting begins at 10 a.m. Eastern and can be watched via livestream.

The agency's RBC proposal, issued in August, would delay the rule's effective date by one year to Jan. 1, 2020, and amend the definition of a complex credit union from $100 million to $500 million. Although NAFCU acknowledged the NCUA's proposal as "positive," NAFCU President and CEO Dan Berger has encouraged the NCUA to "consider its entire rulemaking anew" following the enactment of S. 2155, which made changes to bank capital. A NAFCU-backed provision to delay the rule by two years passed the House three times.

Also during Thursday's board meeting, the NCUA is expected to propose a rule to modernize the Federal Credit Union (FCU) Bylaws. NAFCU has ardently advocated for bylaws changes and previously offered ways to modernize them.

NAFCU will keep credit unions apprised of actions taken during today's meeting.