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Washington
Comments taken on NCUA merger net worth proposal
WASHINGTON (8/11/08)--Credit unions can comment on a National Credit Union Administration’s (NCUA) proposed rule that would amend the definition of post-merger net worth. In regard to an acquiring credit union's net worth, NCUA's proposed rule would result in a net worth similar to that arrived at under the "pooling method.” More specifically, the proposed rule would allow an acquiring credit union to combine with its retained earnings, those of its acquiree. Comments are due to NCUA by Sept. 29. Use the resource link below for more details on the proposal.


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