The NCUA will host a webinar next Wednesday, Feb. 20, at 2 p.m. EST on “Net Worth Restoration Plans: A Path to Recovery.”
The agency's Office of Small Credit Union Initiatives will review capital requirements for credit unions and the net worth restoration plan process.
Here are some questions the session will address:
- What are the most common causes of net worth declines?
- What are the minimum regulatory requirements for net worth under Prompt and Corrective Action and Part 702 of NCUA's Rules and Regulations?
- What is required in a net worth restoration plan and what are the timelines for submission?
- Is there assistance available for credit unions developing a net worth restoration plan?
A staff member from a credit union that has gone through the process also will participate, the NCUA said.
Registration is free and online and popups need to be permitted. Questions can be sent in advance to [email protected] with the subject line “Net Worth Restoration Plan Webinar.”
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
