Submitted by sevans on Fri, 01/02/2015 - 4:48pm

PCA – Examiners’ Objectives

  • Assess the calculation for the net worth ratio as mandated by Congress
  • Determine whether the credit union meets the definition of complex and must adhere to the applicable risk-based net worth (RBNW) requirement
  • Determine whether mandatory supervisory actions (MSAs) apply to the credit union
  • Determine whether discretionary supervisory actions (DSAs) apply to the credit union
  • Assess whether the Net Worth Restoration Plan (NWRP) or, for new credit unions, the Revised Business Plan, meets the requirements of the statute and provides sufficient measures for the credit union to achieve and maintain a minimum six percent net worth ratio
  • Determine the criteria for mandatory and discretionary conservatorships and liquidations
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