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NCUA lists corporate guarantee program participants
WASHINGTON (3/4/09)--The National Credit Union Administration announced Monday the participants in its Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP). The TCCUSGP was approved by the NCUA Board Jan. 28 as a temporary guarantee by the National Credit Union Share Insurance Fund (NCUSIF) of all shares (excluding paid-in-capital and membership capital accounts) at all corporate credit unions. The voluntary guarantee was effective Monday. It expires Dec. 31, 2010. The guarantee provides members who have NCUSIF-insured share accounts at corporates with excess coverage above the NCUSIF insurance limits. The guarantee applies to all share amounts above $250,000, and the NCUSIF insurance coverage applies to all share amounts below $250,000. Four corporates are not participating in the program: Eastern Corporate FCU, Midwest Corporate CU, Iowa Corporate Central CU and First Carolina Corporate CU. Corporates participating in the program are:
* Central Corporate CU; * Constitution Corporate FCU; * Corporate America CU; * Corporate Central CU; * Corporate One FCU; * First Corporate CU; * Georgia Central CU; * Kansas Corporate CU; * Kentucky Corporate FCU; * Louisiana Corporate CU; * Members United Corporate FCU; * Mid-Atlantic Corporate FCU; * Missouri Corporate CU; * Southeast Corporate FCU; * Southwest Corporate FCU; * SunCorp CU; * Treasure State Corporate CU; * Tricorp FCU; * U.S. Central FCU; * VACORP FCU; * Volunteer Corporate CU; * West Virginia Corporate CU; and * Western Corporate Federal CU.
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