NCUSIFNational Credit Union Share Insurance Fund
References in periodicals archive ?
This bailout will actually hurt us, as our insurance premiums to the NCUSIF will increase approximately $7.
Significantly, the adoption of a small entity asset threshold of $550 million, together with a thoughtful, thoroughly vetted three-tier regulatory system, will not undermine or limit the work of the NCUA's Office of Small Credit Union Initiatives or pose a threat to the NCUSIF.
The NCUA, the NCUSIF and the Temporary Corporate Credit Union Stabilization Fund are separate eggs held in the same inseparable deposit insurance basket.
But a review of the NCUSIF audit should give pause about that assumption.
First out of the gate on April 6 was the release of an NCUA white paper advocating for an expanded NCUSIF with a risk-based premium structure.
The NCUSIF is backed by the full faith and credit of the United States government.
Lifting the NCUSIF Equity Ratio Cap: Poll: What do you think about the NCUA seeking an NCUSIF equity ratio increase?
Earlier this week, an NCUA 2013 White Paper, "National Credit Union Share Insurance Fund (NCUSIF) Improvements," was released to the public outlining the agency's legislative pursuit for broadening its authority to administer the NCUSIF.
The NCUSIF enters the second half of 2008 secure and well-capitalized.
The NCUA will ask Congress to rewrite the Federal Credit Union Act so it can establish a risk-based NCUSIF premium system and eliminate the 1.
The bill, shown below (click to expand), would require the GAO to review the NCUA's annual operating budget and the NCUSIF, corporate stabilization fund and Central Liquidity Facility.
NAFCU disagrees with the NCUA's reliance on an anomaly, such as a CUSO causing a loss to the NCUSIF, to justify an expensive regulatory regime that will not result in a safer or more sound system.