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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter A - Regulations Affecting Credit Unions |
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Part 702 - Capital Adequacy |
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Subpart C - Alternative Prompt Corrective Action for New Credit Unions |
§ 702.307 - Incentives for new credit unions.
Latest version.
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§ 702.307 Incentives for new credit unions.
(a) Assistance in revising business plans. Upon timely request by a credit union having total assets of less than $10 million (regardless how long it has been in operation), the NCUA Board shall provide assistance in preparing a revised business plan required to be filed under § 702.306.
(b) Assistance. Management training and other assistance to new credit unions will be provided in accordance with policies approved by the NCUA Board.
(c) Small credit union program. A new credit union is eligible to join and receive comprehensive benefits and assistance under NCUA's Small Credit Union Program.