§ 702.208. Incentives for new credit unions.
110 words·~1 min read·
/us/cfr/t12/s§ 702.208·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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]