12 C.F.R. § 702.203

Prompt corrective action for adequately capitalized new credit unions.

Last amended: 2022Year: 2026Length: 57 wordsOfficial source

Cite as 12 C.F.R. § 702.203 (2026)

Beginning on the effective date of classification, an adequately capitalized new credit union must increase the dollar amount of its net worth by the amount reflected in its approved initial or revised business plan in accordance with § 702.204(a)(2), or in the absence of such a plan, in accordance with § 702.106 until it is well capitalized.
Cross-references to the CFR
702.106702.204
12 C.F.R. § 702.203: Prompt corrective action for adequately capitalized new credit unions. | Justis AI