§ 702.103 - Applicability of risk-based capital measures.

§ 702.103 Applicability of risk-based net worth requirement.

Cross Reference

Link to an amendment published at 83 FR 55478, Nov. 6, 2018.

Cross Reference

This amendment was delayed until Jan. 1, 2022, at 84 FR 68781, Dec. 17, 2019.

Cross Reference

Link to an amendment published at 86 FR 72805, Dec. 23, 2021.

capital measures.

For purposes of § 702.102, a credit union is defined as “complex” and a risk-based net worth requirement capital measure is applicable only if the credit union meets both of the following criteria as reflected in its most recent Call Report:

(a) Minimum asset size. Its

's quarter-end total assets exceed

fifty

five hundred million dollars (

$50

$500,000,000)

; and (b) Minimum RBNW calculation. Its risk-based net worth requirement as calculated

, as reflected in its most recent Call Report. A complex credit union may calculate its risk-based capital measure either by using the risk-based capital ratio under § 702.

106 exceeds six percent (6%). [65 FR 44966, July 20, 2000, as amended at 67 FR 13464, Mar. 19, 2002; 67 FR 71088, Nov. 29, 2002; 75 FR 34620, June 18, 2010; 78 FR 4037, Jan. 18, 2013

104(a) through (c), or, for a qualifying complex credit union opting into the CCULR framework, by using the CCULR framework under § 702.104(d).

[86 FR 72805, Dec. 23, 2021]