12 C.F.R. § 702.103 Applicability of risk-based net worth requirement.
Title 12 - Banks and Banking
For purposes of §702.102, a credit union is defined as “complex” and a risk-based net worth requirement is applicable only if the credit union meets both of the following criteria as reflected its most recent Call Report: (a) Minimum asset size. Its quarter-end total assets exceed ten million dollars ($10,000,000); and (b) Minimum RBNW calculation. Its risk-based net worth requirement as calculated under §702.106 exceeds six percent (6%). [65 FR 44966, July 20, 2000, as amended by 67 FR 13464, Mar. 19, 2002; 67 FR 71088, Nov. 29, 2002]
Title 12: Banks and Banking
PART 702—PROMPT CORRECTIVE ACTION
Subpart A—Net Worth Classification
§ 702.103 Applicability of risk-based net worth requirement.
