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News Now

Washington
NCUSIF sign vote pulled
ALEXANDRIA, Va. (1/23/09)—Honoring President Barack Obama's
Click to view larger image NCUA Board Chairman Michael Fryzel announced he pulled from the agenda a final rule outling requirements for a new official insurance sign. (Photo provided by CUNA)
directive for all federal agencies, the National Credit Union Administration (NCUA) pulled its insurance sign final rule from Thursday’s board meeting agenda. In one of his first actions after being sworn in Tuesday as the country’s 44th President, Obama ordered a halt to implementation of pending regulations promulgated under the Bush administration during its waning days. The NCUA rule pulled from the agenda would provide official options for displaying the share insurance sign to reflect the increase in the maximum share insurance amount from $100,000 to $250,000.


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