California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 30 - Credit Unions
Article 1 - General Provisions
Section 30.31 - Equity Capital Adequacy

Universal Citation: 10 CA Code of Regs 30.31

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Whenever the Commissioner, this Subchapter or any law administered by the Commissioner requires that the Commissioner determine the adequacy of the equity capital of a credit union, the Commissioner may consider:

(a) The nature and volume of the business of the credit union.

(b) The amount, nature, quality, and liquidity of the assets of the credit union.

(c) The amount and nature of the liabilities (including, but not limited to, any notes or debentures and any contingent liabilities) of the credit union.

(d) The history of, and prospects for, the credit union to earn and retain income.

(e) The quality of the operations of the credit union.

(f) The quality of the management of the credit union.

(g) Such other factors that bear upon a determination that the equity capital of a credit union is adequate.

1. New section filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14201 and 14211, Financial Code.

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