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e-CFR data is current as of January 21, 2021

Title 12Chapter VIISubchapter APart 702Subpart C → §702.307


Title 12: Banks and Banking
PART 702—CAPITAL ADEQUACY
Subpart C—Alternative Prompt Corrective Action for New Credit Unions


§702.307   Incentives for new credit unions.

(a) Assistance in revising business plans. Upon timely request by a credit union having total assets of less than $10 million (regardless how long it has been in operation), the NCUA Board shall provide assistance in preparing a revised business plan required to be filed under §702.306.

(b) Assistance. Management training and other assistance to new credit unions will be provided in accordance with policies approved by the NCUA Board.

(c) Small credit union program. A new credit union is eligible to join and receive comprehensive benefits and assistance under NCUA's Small Credit Union Program.

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