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NCUA Hosting Webinar on Net Worth Restoration Plans

​Register Now to Hear About the Net Worth Restoration Plan Process and a Credit Union That Completed It

ALEXANDRIA, Va. (Feb. 12, 2013) – The National Credit Union Administration (NCUA) Office of Small Credit Union Initiatives (OSCUI) will host a free webinar—“Net Worth Restoration Plans: A Path to Recovery”—on Wednesday, Feb. 20, at 2 p.m. Eastern.

Staff from OSCUI will review NCUA’s capital requirements for credit unions and the net worth restoration plan process. 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.

In addition, 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 webinar is now open. Click here to register. 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.” Participants with technical questions about accessing the webinar should 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.

 


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

--NCUA--

National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"