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NCUA Offers Feb 20 Net Worth Webinar
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.
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