Comment Call - Prompt Corrective Action: Amended Definition of Post-Merger Net Worth

CUNA
August 15, 2008 | COMMENTS

NCUA has issued a proposed rule that would amend the definition of post-merger net worth.  In regard to an acquiring credit union's net worth, NCUA's proposed rule would result in a net worth similar to that arrived at under the "pooling method."  More specifically, the proposed rule would allow an acquiring credit union to combine with its retained earnings, those of its acquiree. 

> View CUNA's full regulatory comment call, which provides additional information and questions to consider.