Capital Access for Small Businesses and Jobs Act

This bill amends the Federal Credit Union Act to allow a federal credit union, other than a low-income credit union, to receive payments on uninsured non-share accounts that:

• do not alter the cooperative nature of the credit union;
• are subordinate to all other claims against the credit union;
• are available to cover operating losses in excess of retained earnings and, to the extent so applied, will not be replenished;
• meet applicable requirements with respect to maturity;
• are subject to disclosure and consumer-protection requirements as determined by the National Credit Union Administration Board;
• are offered by a credit union that is sufficiently capitalized and well-managed; and
• are subject to such rules and regulations as the board may establish.