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HomeFinancial CodeDiv. 5Ch. 3Art. 1§ 14211 Credit Union Capital Adequacy

§ 14211 Credit Union Capital Adequacy

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14211 Credit Union Capital Adequacy

This law says how the government checks if a credit union has enough money to stay safe and strong. They look at things like how much money the credit union has, how well it's run, and if it makes enough profit.

Key Takeaways

  • •The government checks if a credit union has enough money to be safe.
  • •They look at how the credit union is run and if it makes enough profit.
  • •They also check the types of loans and savings the credit union has.

Example

Imagine a small credit union in a town where people save money and take loans.

The government will check if this credit union has enough money saved, if the loans they give are safe, and if they are making enough money to keep running without problems.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14211 Credit Union Capital Adequacy

In determining for purposes of this division whether the capital of any credit union is adequate, the commissioner shall consider the following: (a) The nature and volume of the business and the proposed 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 contingent liabilities, of the credit union. (d) The history of, and prospects for, the credit union to earn and retain income. (e) The nature and scope of the operations of the credit union. (f) The performance of the management of the credit union. (g) Any other factors as are, in the opinion of the commissioner, relevant. (Added by Stats. 2002, Ch. 734, Sec. 15. Effective September 20, 2002.)

Last verified: January 11, 2026

Key Terms

capitalcredit unioncommissioneradequateassetsliabilitiescontingent liabilitiesmanagement performance

Related Statutes

  • § 14204 Credit Union Enforcement Actions
  • § 14205 Credit Union Certificate Revocation
  • § 14212 Commissioner-Called Credit Union Meetings
  • § 14200 Credit Union Oversight Powers
  • § 14201 Commissioner Rulemaking Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14211.
View Official Source