Prompt corrective action for “significantly undercapitalized” credit unions.
(a) Mandatory supervisory actions by credit union. A federally-insured credit union which is “significantly undercapitalized” must—
(1) Earnings retention. Increase net worth and transfer earnings to its regular reserve account accordance with §702.201;
(2) Submit net worth restoration plan. Submit a net worth restoration plan pursuant to §702.206;