---
kind: "section"
citation: "12 C.F.R. § 702.208"
title: "12"
number: "702.208"
heading: "Incentives for new credit unions."
url: "https://uscodex.org/cfr/12/702.208"
---

# §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](/cfr/12/702.206.md).
- (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.

## Notes

### Amendments

[80 FR 66706, Oct. 29, 2015. Redesignated at 86 FR 11073, Feb. 23, 2021]

### Source

Source: 80 FR 66706, Oct. 29, 2015, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1757(9), 1766(a), 1784(a), 1786(e), 1790d.

### Source

Source: 65 FR 8584, Feb. 18, 2000, unless otherwise noted.

### Amendments

[80 FR 66706, Oct. 29, 2015. Redesignated at 86 FR 11073, Feb. 23, 2021]