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NCUA RIN: 3133-AD77 Publication ID: Fall 2011 
Title: Prompt Corrective Action; Risk-Based Net Worth Requirement 
Abstract: NCUA plans to issue proposed amendments to modify calculations for the risk based net worth (RBNW) formula applicable to complex credit unions under part 702. Proposed changes may address calculations for the long-term real estate loan and member business loan components of the RBNW calculation as well as other aspects of prompt corrective action. The intent of any proposed changes is to create a more robust and meaningful RBNW requirement that will establish more appropriate net worth requirements for credit unions willing to engage in concentrations of riskier assets. 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 702 
Legal Authority: 12 USC 1766(a); 12 USC 1790d 
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/00/2012   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.reginfo.gov/public/do/eAgendaMain  
RIN Data Printed in the FR: No 
Agency Contact:
Pamela Yu
Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6540
Fax:703 518-6569
Email: pyu@ncua.gov

 
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