More than 5,500 credit unions are beginning to receive statements this week showing their share of a $160 million payout by their federal regulator of excess funds from the federal insurance fund for the cooperative […]
More than 5,000 credit unions across the country will begin receiving statements this week from their federal regulator outlining their share of a nearly $736 million payout of funds left over in a now-closed program […]
The federal regulator of credit unions is publishing a correction to its February final rule on equity distributions from the fund that insures credit union member shares (deposits), revising a reference in the text that […]
Calculating and recording the distribution of nearly $736 million in equity from the federal insurance fund for credit unions is the aim of a new online resource offered by the insurance fund’s federal manager, the […]
Closing the temporary fund meant to resolve troubled corporate credit unions is among the top achievements cited by the federal regulator of credit unions in its annual report for last year. In its annual report […]
The rationale used by the National Credit Union Administration (NCUA) in recommending the NCUA Board raise the normal operating level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF) from 1.3% to 1.39% last […]
All four permanent funds at the National Credit Union Administration (NCUA) – the Operating Fund, National Credit Union Share Insurance Fund (NCUSIF), Central Liquidity Facility (CLF) and Community Development Revolving Loan Fund (CDRLF) – received […]
Federally insured credit unions that filed quarterly call reports with the National Credit Union Administration (NCUA) for at least one reporting period in 2017 will share in a pro rata distribution this year from the […]
A final rule for calculating pro-rata share distributions of National Credit Union Share Insurance Fund (NCUSIF) equity, and rebates from the now-closed fund to resolve “corporate credit unions,” will be considered by the NCUA Board […]
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