Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA makes 250k acct. insurance permanent
ALEXANDRIA, Va. (9/20/10)--The National Credit Union Administration (NCUA) late last week made permanent its $250,000 account coverage limit. The NCUA action codifies changes that occurred with the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act in July. The account coverage is provided by the NCUA’s National Credit Union Share Insurance Fund (NCUSIF). The $250,000 coverage limit would have expired on Dec. 31, 2013. In a Friday release, NCUA Board Chairman Debbie Matz said that the coverage enchancement provides “an extremely visible and important benefit to consumers.” Noting the NCUA's pending work with financial expert Suze Orman, Matz added that the NCUA “is committed to making sure that the financial public is fully aware of the newly permanent $250,000 limit.”
Other Resources

RSS print
News Now LiveWire
Hope FCU 'exceptional' in minority service: @GOBankingRates.com #NewsNow http://t.co/yp1JsKmGo0
5 hours ago
.@wpcu in the running for Dayton Brand Madness 2014 @DBJnews http://t.co/waOSDAGUtr
5 hours ago
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
6 hours ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
7 hours ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
8 hours ago