Prompt Corrective Action Guidelines

Guidelines for Submission of an Application for a PCA Risk Mitigation Credit (opens new window) - This document provides the NCUA Board’s procedure for a federally insured credit union to apply for a prompt corrective action risk mitigation credit under NCUA Rules and Regulations §702.108.

Guidelines for Evaluation of an Application for a PCA Risk Mitigation Credit - This document provides guidance for NCUA staff to evaluate a federally insured credit union’s application for a risk mitigation credit under §702.108 of the NCUA Rules and Regulations implementing Prompt Corrective Action.