Submitted by sevans on Thu, 02/12/2015 - 3:00pm

Reclassification based on supervisory criteria other than net worth.

Subject to §702.102(b) and (c), the NCUA Board may reclassify a “well capitalized,” “adequately capitalized” or “moderately capitalized” new credit union to the next lower net worth category (each of such actions is hereinafter referred to generally as “reclassification”) in either of the circumstances prescribed in §702.102(b).

http://www.ecfr.gov/cgi-bin/text-idx?SID=a5890409b9081ac25cce8d741bd0f23...

 

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