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InControl Purchase Control implementation - Michigan Credit ... - mcul

InControl Purchase Control implementation - Michigan Credit ... - mcul 2025

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The MCUL Supplemental Capital Guidebook provides a comprehensive overview of the supplemental capital process for low-income designated credit unions in Michigan. It outlines eligibility criteria, application procedures, and the regulatory framework established by the NCUA. The guide details the advantages of secondary capital, accounting practices, and necessary documentation for credit unions seeking to apply for supplemental capital. Additionally, it includes appendices with templates and checklists to assist credit unions in preparing their applications and business plans.

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