§702.209. Reserves.
12 C.F.R. § 702.209
Each new credit union shall establish and maintain such reserves as may be required by the FCUA, by state law, by regulation, or in special cases by the NCUA Board or appropriate state official.
Notes, amendments, and revision history
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]