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National Credit Union Share Insurance Fund Premium and One Percent Deposit

NCUA · final-rule · Published 2009-12-03 · Effective 2010-01-04 · 74 FR 63277

Document

Document number
E9-28218
Federal Register citation
74 FR 63277
CFR reference
12 CFR 741
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2009-12-03
Effective date
2010-01-04

Abstract

Section 741.4 of NCUA's rules describes the procedures for the capitalization and maintenance of the National Credit Union Share Insurance Fund (NCUSIF). The current rule, however, does not adequately address how credit unions that enter or depart the NCUSIF system in a given calendar year are affected by any NCUSIF premium or deposit replenishment assessments in that same year. NCUA is now adopting amendments to Sec. 741.4 to clarify these procedures. The final rule also adds Appendix A to Part 741, which repeats various examples of the application of Sec. 741.4, as discussed in the preamble to the proposed rule.

Source

Authoritative
Federal Register document
Machine
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