Here's a simple solution: NCUA should set aside the "defined reserve standard" of PCA in recognizing the economy we are all working within. NCUA should also recognize that any capital held by a credit union is critical in dealing with mounting loan, investment, NCUSIF and potential corporate paid in capital losses. The federal government is digging deep into the pockets and futures of taxpayers while trying to uphold capital standards that have become instantly archaic given the current economic environment.
Bruce A. Rodela, President/CEO
Frontier Financial Credit Union, Reno