Comment Call: NCUSIF Premium and One Percent Deposit

CUNA
August 4, 2009 | COMMENTS

The National Credit Union Administration (NCUA) has issued a proposed rule to clarify how credit unions that enter or depart the National Credit Union Share Insurance Fund (NCUSIF) system during the calendar year are affected by premium or deposit replenishment assessments.

The proposal is intended to supplement NCUA's regulations related to the NCUSIF; many of the proposed provisions address specific issues for which no current regulations exist.

The proposed rule was issued as a result of the unprecedented level of NCUSIF expenses thus far in 2009.

Comments are due to NCUA by August 24, 2009; please submit your comments to CUNA by August 17.

Please feel free to e-mail your responses to Senior Vice President and Deputy General Counsel Mary Dunn at mdunn@cuna.coop and to Regulatory Counsel Luke Martone at lmartone@cuna.coop. You may also contact us at 800-356-9655, ext. 6743, if you have questions. Click here to access the proposed rule.

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