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News Now

Washington
Corp CU program discussion added to NCUA agenda
ALEXANDRIA, Va. (7/15/09)--Possible revisions to the National Credit Union Administration’s (NCUA) Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP) will be yet another item for discussion at the NCUA’s monthly board meeting, scheduled for Thursday. The NCUA recently reported that the majority of corporate credit unions have agreed to take part in the TCCULGP. The Credit Union National Association also believes that the board could discuss the financial impact of potentially allowing credit unions to purchase their own private insurance in lieu of participation in the NCUA’s National Credit Union Share Insurance Fund. However, NCUA representatives have not confirmed that this item will be on the list of topics for discussion. The agenda for the upcoming meeting also includes scheduled discussions of final rules on credit union reporting and Truth in Savings Act disclosures, interest rate ceiling determinations under Section 107(5) of the Federal Credit Union Act, and the NCUA’s monthly Insurance Fund Report.


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