National Credit Union Administration Chairman Debbie Matz today said that her agency would this fall issue a supplemental rule for risk-based capital that would count certain forms of debt — for example, subordinated debt issued to CU members and non-members — toward the risk-based capital ratio. “This is the year of regulatory relief,” she said. “As part of modernizing risk-based capital, I am committed to counting supplemental capital in full.”

Seizing on the news that Golden 1 Credit Union has purchased the naming rights to a new sports arena in Sacramento, California Bankers Association President and CEO Rodney Brown penned an op-ed — published Wednesday in the Sacramento Bee — challenging the credit union industry’s outdated tax exemption.

Many credit unions are functionally no different from banks and the time has come for them to pay taxes, Florida Bankers Association President and CEO Alex Sanchez said in a Wall Street Journal op-ed yesterday.

Bill Brooks, a certified financial planner with CU Prosper, wrote in the Credit Union Times questioning whether credit unions are achieving their mission.

Despite a promising proposal, the National Credit Union Administration today walked back somewhat from its plan to rein in expansive fields of membership for credit unions.

In recognition of Tax Day, the Financial Education and Advocacy Initiative will run ads Wednesday spotlighting credit unions’ outdated tax exemption.