NAFCU needs members’ RBC comments by April 3

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU issued a Regulatory Alert yesterday on NCUA’s second risk-based capital proposal and is asking members to provide their input to the association by April 3. The proposal would set RBC requirements for “complex” federally insured credit unions.The Alert notes that NAFCU is “very concerned about the proposal’s impact on credit union capital buffers. Despite NCUA’s claim that only a limited number of credit unions will be impacted, this proposal would force credit unions to hold hundreds of millions of dollars in additional reserves to achieve the same capital cushion levels that they currently maintain.”The Alert continues, “NAFCU strongly believes this rulemaking is unnecessary and will only impose more regulatory burden on an already extremely well-capitalized industry.”Comments will be due to NCUA 90 days after the proposal’s publication in the Federal Register.NAFCU is reviewing all aspects of the proposed rule. On Tuesday, NAFCU released its new member-only risk-based capital calculator with a feature that NCUA doesn’t include on its own version: five-year forecasting based on estimated return on assets and asset growth rates. continue reading »last_img read more

Cricket News Sri Lanka cricketer Dhananjaya de Silva quits WI tour after father’s murder

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The father of Sri Lankan allrounder cricketer Dhananjaya de Silva was shot dead by unidentified gunmen on Thursday on the eve of the national team’s departure to the West Indies, says police officials.The player’s father Ranjan, who was also a local politician, gunned down in Ratmalana, a suburb area of the capital city of Colombo, close to midnight, police said. An investigation is underway but no arrests have been made.Cricket officials said the 26-year-old de Silva withdrew from the tour which involves three Test matches. However, there was no official word from the board on who will replace de Silva.Sri Lanka will also miss opener Dimuth Karunaratne who fractured his finger while batting in the nets earlier this month as he prepared for a limited-overs domestic tournament.(With inputs from agencies) last_img read more