Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Credit Unions
Chapter DFI-CU 72 - Member business loans
Section DFI-CU 72.13 - Schedule of reserves

Wis. Admin. Code Department of Financial Institutions DFI-CU 72.13

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Current through October 28, 2024
Section DFI-CU 72.13 - Schedule of reserves

The following schedule sets the minimum amount a credit union shall reserve for classified member business loans:

Classification

Amount Required

Substandard

10% of outstanding balance, unless other factors indicate a greater or lesser amount is appropriate.

Example: An example of a factor is the history of such loans at the credit union.

Doubtful

50% of the outstanding balance.

Loss

100% of the outstanding balance.

Wis. Admin. Code Department of Financial Institutions DFI-CU 72.13

CR 02-034: CR Register August 2002 No. 560, eff. 9-1-02.