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Reps. Forbes, Goodlatte, Rigell and Griffith Sign on to RBC Letter

Congressmen Randy Forbes (R-4), Bob Goodlatte (R-6), and Morgan Griffith (R-9) signed on to the letter that expresses concerns to the National Credit Union Administration about its risk-based capital letter.

They join Reps. Gerry Connolly (D-11), Robert Hurt (R-5), Bobby Scott (D-3), Jim Moran (D-8), Scott Rigell (R-2), Rob Wittman (R-1), Frank Wolf (R-10).

In the end, 10 out of the 11 members of our House delegation signed the letter, circulated by a Republican and a Democratic Congressmen among their House colleagues. Only Rep. Eric Cantor (R-7) did not sign.

In 2012, all House members of the Virginia delegation co-signed a letter to the FDIC expressing concerns about the proposed capital standards in Basel III.

We appreciate our Congressmen who co-signed the NCUA letter. Please contact their offices and thank them! We cannot take their support for granted.

Your message can be brief, for example: “As a member of X credit union, I thank you for signing the letter to the NCUA on risk-based capital. This proposal has caused a lot of concerns and I appreciate your support on this matter.”  Feel free to personalize your comments. 

Ask your co-workers to send a thank  you too 

Let us know if you contact your Congressman. The first five to report thanking their Congressman will receive a VACUPAC tote bag.

The Virginia delegation came out strong on the RBC request. Our members were part of a groundswell of support for credit unions. The Credit Union National Association had aimed to sign up the bare majority of members in the House … 218 … but reports this morning that “285 Members of the House of Representatives have agreed to sign the letter to NCUA regarding the proposed rule on risk based capital.  285! That’s almost two-thirds of the House!  Outstanding and unbelievable!”

Tags: Risk-Based Capital, Congress, Supplemental Capital

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