Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VII - National Credit Union Administration |
SubChapter A - Regulations Affecting Credit Unions |
Part 702 - Capital Adequacy |
Subpart A - Prompt Corrective Action |
§ 702.112 - Reserves.
Latest version.
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§ 702.112 Reserves.
Each credit union shall establish and maintain such reserves as may be required by the FCUA, by state law, by regulation, or in special cases by the NCUA Board or appropriate state official.