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Prompt Corrective Action Guidelines

 

 Guidelines for Submission of an Application for a PCA Risk Mitigation Credit


This document provides the NCUA Board’s procedure for a federally insured credit union to apply for a prompt
corrective action risk mitigation credit under NCUA Rules and Regulations §702.108.

 
 

This document provides guidance for NCUA staff to evaluate a federally insured credit union’s application
for a risk mitigation credit under §702.108 of the NCUA Rules and Regulations implementing Prompt Corrective
Action.