Wednesday, February 20, 2013: 2:00 PM (Eastern Time)
NCUA will host a free webinar by the Office of Small Credit Union Initiatives about Net Worth Restoration Plans. Staff from OSCUI will review NCUA's capital requirements for credit unions and the net worth restoration plan process. Participants will have the opportunity to gain insight from a staff member of a credit union that has gone through the net worth restoration plan process.
The webinar will answer questions like:
- 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?
Registration for this free NCUA webinar is now open here. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read “Net Worth Restoration Plan Webinar.” For technical questions about accessing the webinar, please call 703-518-6440.
NCUA’s OSCUI fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.