Current through October 31, 2024
Section 702.208 - 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 § 702.206 .(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. 80 FR 66706 , Oct. 29, 2015. Redesignated at 86 FR 11073 , Feb. 23, 2021