NCUA Claims RBC Rule Only Adversely Impacts 16 Credit Unions
NCUA says that if the final RBC rule was to take effect today that only 16 credit unions would have to raise capital or reduce risk in order to comply. Chairman Matz pointed out that those 16 credit unions hold assets of $10 billion, which is about the same size as the share insurance fund. She added that if one of those credit unions failed the impact on all credit unions would be significant. [10/16/15]