Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 702  /  Sec. 702.103 Applicability of risk-based net worth requirement.

For purposes of Sec. 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 in its most recent Call Report:

(a) Minimum asset size. Its quarter-end total assets exceed fifty million dollars ($50,000,000); and

(b) Minimum RBNW calculation. Its risk-based net worth requirement as calculated under Sec. 702.106 exceeds six percent (6%). [65 FR 44966, July 20, 2000, as amended at 67 FR 13464, Mar. 19, 2002; 67 FR 71088, Nov. 29, 2002; 75 FR 34620, June 18, 2010; 78 FR 4037, Jan. 18, 2013]