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Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions

NCUA · final-rule · Published 2018-02-23 · Effective 2018-03-26 · 83 FR 7954

Document

Document number
2018-03622
Federal Register citation
83 FR 7954
CFR reference
12 CFR 741
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2018-02-23
Effective date
2018-03-26

Abstract

The NCUA Board (Board) is adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). The Board is also adopting a temporary provision to govern all NCUSIF equity distributions related to the Corporate System Resolution Program (CSRP), a special purpose program established by the Board to stabilize the corporate credit union system following the 2007-2009 financial crisis. Furthermore, the Board is making technical and conforming amendments to other aspects of the share insurance requirements rule to account for these changes.

Source

Authoritative
Federal Register document
Machine
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