Net Worth Amendment For Credit Unions Act

Summary

Net Worth Amendment For Credit Unions Act - Amends the Federal Credit Union Act relating to the requirement of prompt corrective action to resolve the problems of an insured credit union at the least possible long-term loss to the National Credit Union Share Insurance Fund. Redefines net worth as the retained earnings balance of a credit union (as determined under generally accepted accounting principles, as under current law), together with any amounts that were previously retained earnings of any other credit union with which the credit union has combined.

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Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 16 June 2005

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• Referred in Senate (PDF)

  Referred in Senate · EN · 16 June 2005

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• Engrossed in House (text)

  Engrossed in House · EN · 13 June 2005

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• Engrossed in House (PDF)

  Engrossed in House · EN · 13 June 2005

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• Passed House without amendment

  summary · EN · 13 June 2005

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• Introduced in House (text)

  Introduced in House · EN · 2 March 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 2 March 2005

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• Introduced in House

  summary · EN · 2 March 2005

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