Fresh Today

Fresh Today

ALEXANDRIA, Va. –NCUA has issued two prohibition orders to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.

ALEXANDRIA, Va.–The NCUA board has voted 2-0 in favor of closing the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and merging it into the National Credit Union Share Insurance Fund (NCUSIF), paving the way for credit unions to begin receiving rebates in 2018.

ALEXANDRIA, Va.–Ahead of the board vote on the decision to close the Temporary Corporate Credit Union Stabilization Fund, as well as raise the Normal Operating Level of the NCUSIF, NCUA reported it received 663 comment letters, with nearly all favoring the distribution of equity to credit unions.

ALEXANDRIA, Va.–Prior to the NCUA board vote on close the Temporary Corporate Credit Union Share Insurance Fund, an update on the fund’s financials were provided.