Removing Barriers Blog

NCUA Releases Info on Share Insurance Fund Distribution, CECL Webinar, and More
Posted March 28, 2019 by CUNA Advocacy

Recent NCUA releases cover several current issues that may be of interest. 

The agency updated its Share Insurance Fund Distribution page. The page includes a number of useful resources, including a FAQ document regarding accounting for the distribution and a FAQ document regarding the distribution rule, which includes answers to questions such as:

  • Who will receive a distribution for 2018?
  • When will the 2018 distribution be received?
  • How will the 2018 distribution be calculated?

NCUA also provided a release regarding an upcoming interagency CECL webinar on April 11. The webinar will cover the significant differences financial institutions should expect in their accounting procedures following the CECL changes, scheduled for 2022. Credit unions can register here.

CUNA has been pushing NCUA for a CECL webinar since last summer. We appreciate the agency’s participation in the joint webinar. We are hopeful that the information is presented in a way that is helpful to credit unions and other relatively small financial institutions.

For information on other recent NCUA releases see CUNA’s recent Compliance Blog post.