12 CFR 702.208

§ 702.208 Incentives for new credit unions.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 702.208, § 702.208 Incentives for new credit unions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48395
Permanent ID: ys:prov:48395@1
SHA-256: 1868abb6efba0cf52d0f72ed62c0bd7938c07dea4f72164809fe53811fbccb2d

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.