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NCUA Form 6311 Probable Asset / Share Ratio - Continuing Credit Union
What Is NCUA Form 6311?
This is a legal form that was released by the National Credit Union Administration on May 1, 2020 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is NCUA Form 6311?A: NCUA Form 6311 is a form used by credit unions to report their probable asset/share ratio.
Q: What is the probable asset/share ratio?A: The probable asset/share ratio is a measure of a credit union's financial strength.
Q: Why do credit unions need to report the probable asset/share ratio?A: Credit unions are required to report the probable asset/share ratio to the National Credit Union Administration (NCUA) to assess their financial health.
Q: Who uses NCUA Form 6311?A: Credit unions use NCUA Form 6311 to report their probable asset/share ratio to the NCUA.
Q: What information is included in NCUA Form 6311?A: NCUA Form 6311 includes data about a credit union's assets, shares, and the calculation of the probable asset/share ratio.
Q: How often do credit unions need to submit NCUA Form 6311?A: Credit unions need to submit NCUA Form 6311 on a quarterly basis.
Q: What does the probable asset/share ratio indicate?A: The probable asset/share ratio indicates the financial strength and stability of a credit union.
Q: What is considered a healthy probable asset/share ratio?A: A healthy probable asset/share ratio is generally above 1.0, indicating that a credit union has sufficient assets to cover its liabilities and maintain operational stability.
Form Details:
- Released on May 1, 2020;
- The latest available edition released by the National Credit Union Administration;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of NCUA Form 6311 by clicking the link below or browse more documents and templates provided by the National Credit Union Administration.
Download NCUA Form 6311 Probable Asset / Share Ratio - Continuing Credit Union
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