Capital measures, capital adequacy, effective date of classification, and notice to NCUA.

CFR · 2024-01-01 · US · Title 12

(a) (1) The net worth ratio; and (2) If determined to be applicable under § 702.103, either the risk-based capital ratio under § 702.104(a) through (c) or the CCULR framework under § 702.104(d). (b) (2) A credit union defined as complex must have a process for assessing its overall capital adequacy in relation to its risk profile and a comprehensive written strategy for maintaining an appropriate level of capital. (c) (1) (2) (3) (d) (2) Failure to timely file a Call Report as required under this section in no way alters the effective date of a change in capital classification under paragraph (b) of this section, or the affected credit union's corresponding legal obligations under this part.

official document · source cfr-2024 · id 12:§ 702.101