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 capitalrequirements for credit unions and the net worth restoration planprocess.
|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 worthunder Prompt and Corrective Action and Part 702 of NCUA's Rules andRegulations?
- What is required in a net worth restoration plan and what arethe timelines for submission?
- Is there assistance available for credit unions developing anet worth restoration plan?
A staff member from a credit union that has gone through theprocess also will participate, the NCUA said.
|Registration is free and online and popups need to be permitted. Questions can be sentin advance to [email protected]with the subject line “Net Worth Restoration Plan Webinar.”
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