NCUA’s OSCUI to Host Webinar Focusing on Net Worth Restoration Plans

The National Credit Union Administration’s (NCUA’s) Office of Small Credit Union Initiatives (OSCUI) will host a free webinar tomorrow entitled, “Net Worth Restoration Plans: A Path to Recovery,” during which OSCUI staff will review the NCUA’s capital requirements for credit unions and the net worth restoration plan process.

In addition to featuring a credit union professional whose credit union has itself gone through the net worth restoration plan process, the webinar will answer several questions, including:

  • What are the most common causes of net worth declines?
  • What are the minimum regulatory requirements for net worth under Prompt and Corrective Action and Part 702 of the NCUA’s Rules and Regulations?
  • What is required in a net worth restoration plan and what are the timelines for submission?
  • Is there assistance available for credit unions developing a net worth restoration plan?

Participants are invited to submit questions in advance by sending an email to WebinarQuestions@ncua.gov with a subject line that reads “Net Worth Restoration Plan Webinar.”

The webinar will begin at 11 a.m. PST, and registration is available online at no cost. Participants will use the same link to log into the webinar and must allow pop-ups from the website. Technical questions about accessing the webinar can be answered by calling 703.518.6440.

The NCUA’s OSCUI fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.

Questions? Contact Director of Outreach Programs Kasey Rockwell: 503.350.2217, krockwell@nwcua.org.

Posted in Business Solutions, Industry Insight, NCUA, Strategic Link.