Posted by AVCU on 1:14 PM

NCUA’s Office of Small Credit Union Initiatives (OSCUI) will host a webinar on 2/20 to discuss net worth restoration plan basics and explore common causes of net worth declines. The free event will begin at 2 p.m., and online registration is required.

During the webinar, OSCUI staff will:

• review NCUA’s capital requirements for credit unions and the net worth restoration plan process;
• discuss the minimum regulatory requirements for net worth under Prompt and Corrective Action and Part 702 of NCUA’s Rules and Regulations; 
• address restoration plan timelines; and 
• discuss assistance available for credit unions that are developing a net worth restoration plan.

Click here for more details and to register.