ALEXANDRIA, Va. (2/13/13)--Common causes of net worth declines and net worth restoration plan basics are among the issues that will be covered during a Feb. 20 National Credit Union Administration webinar.
The free webinar will be presented by the NCUA's Office of Small Credit Union Initiatives (OSCUI). It is scheduled to begin at 2 p.m. ET.
OSCUI staff during the webinar 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.
The NCUA said webinar participants will also have the opportunity to gain insight from a staff member of a credit union that has gone through the net worth restoration plan process.
For the full NCUA release, use the resource link.