Bankowość i finanse · 23/03/2011

Net Worth and Equity Ratio

On January 4, 2011, President Obama signed Senate Bill 4036 into law, which, among other things, amends the statutory definitions of "net worth" and "equity ratio" in the Federal Credit Union Act. NCUA proposes to make conforming amendments to the definition of "net worth" as it appears in NCUA's Prompt Corrective Action regulation and the definition of "equity ratio" as it appears in NCUA's Requirements for Insurance regulation. NCUA also proposes to make technical changes in other regulations to ensure clarity and consistency in the use of the term "net worth," as it is applied to federally-insured credit unions.