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 NCUA Corporate Stabilization Program

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FASB Guidelines
4/2/09: FASB Meeting Actions on Mark to Market and OTTI

3/16/09: FASB Guidance for Illiquid Markets


CUNA Information
6/29/10: Matz: Merger advice, final corp. rule, NCUSIF assessment—all coming

5/21/10: NCUA releases SAFE Act rule, extends TCCULGP dates

5/14/10: NCUA to consider splitting share insurance, corp. fees

3/24/10: CUNA applauds NCUA 'legacy asset' timetable

3/10/10: CUNA comment on corporates suggests new model

3/02/10: U.S. Central depletes capital

2/23/10: CUNA task force calls for new corporate model

2/05/10: New insights from final corp CU town hall

1/25/10: NCUA session features frank talk on corporate plan

1/22/10: Hampel: Obama plan limits banks' ability to woo customers


NAFCU Information
7/30/10: Preliminary data show NCUSIF below 1.2%

7/27/10: Stabilization fund audit opinion ‘unqualified’

6/18/10: $1 billion corporate stabilization assessment set

6/10/10: Matz assures Becker full disclosure on corporates

4/30/10: Part 704 waiver has 11 months more

4/12/10: Matz: There will be fewer corporates

3/26/10: Opinion: Corporate can use MCS in notice period

3/24/10: NAFCU eager to see ‘legacy assets’ plan

3/9/10: NAFCU: Legacy assets key to corporates’ future

3/5/10: Temporary share guarantee program extended

3/2/10: U.S. Central losses may up stabilization costs


NCUA Information
Acrobat NCUA Media Advisory: Temporary Corporate Credit Union Share Guarantee Program Extended - August 31, 2010

NCUA Corporate Credit Union Presentation #3 (Stabilizing the System) - July 28, 2010

NCUA Corporate Credit Union Presentation #2 (Financial Crisis: The Impact) - June 28, 2010

Acrobat NCUA Letter to Credit Unions (10-CU-09): Temporary Corporate Credit Union Stabilization Fund Assessment - June 21, 2010

NCUA Corporate Credit Union Presentation #1 (Background and Overview: How It All Started) - June 9, 2010

Acrobat NCUA Media Advisory: Temporary Corporate Credit Union Share Guarantee Program Extended - June 2, 2010

Acrobat NCUA Media Advisory: NCUA to Consider Splitting Fees for Share Insurance Fund & Corporate Stabilization Fund - May 13, 2010

Acrobat NCUA Media Advisory: Matz Shares Progress toward Corporate Resolution Plan - March 23, 2010


Credit Union Times Daily Alert
7/28/10: Corporate Fund Gets Unqualified Audit Report

7/14/10: On-Site Coverage: Credit Unions Responsible for Corporate Crisis, Mercer Says

7/2/10: CUNA Predicts Six to 10 Basis Point Increase In NCUSIF Premium

6/18/10: On-Site Covereage: NCUA Board Approves 13.4 Basis Point Assessment

6/16/10: Conferees Agree to Make $250,000 Share Insurance Cap Permanent

6/14/10: NCUSIF and Other Funds Receive Clean Bills of Financial Health

5/24/10: Fazio’s Team Has ‘Solid’ Corporate Assessment Estimates

3/24/10: NCUA to Reveal Legacy Assets Plan in June

3/10/10: Becker: NCUA Reviewing FDIC Corporate Debt Sale

3/8/10: NASCUS Urges Larger Role for State Regulators in Corporate Regulation

3/5/10: NCUA Extends Corporate Share Guarantee

3/5/10: Corporates Say Some Proposed Regs Could Increase Risk

3/5/10: Corporates Agree on Specific Issues, Disagree on Big Picture

3/1/10: U.S. Central Wipes Out All Capital, Part of NCUSIF Contribution

1/28/10: Defendants Cite CapCorp in Motions to Dismiss


VolCorp Information
Member Letter from CEO, Rick Veach concerning 2009 Unaudited financials and VolCorp's standing (2-9-2010)

Acrobat Read Letter

Letter from VolCorp CEO, Rick Veach addressing important information concerning the release of U.S. Central's 2008 audited financials and what the impact will be on VolCorp and its members. (9/16/09)

Acrobat Read Letter

Letter from VolCorp Chairman Blake Strickland addressing several issues concerning the status of corporate credit unions. (1/29/09)

Acrobat Read Letter

Letter from VolCorp CEO, Rick Veach addressing important information regarding VolCorp, U.S. Central and recent NCUA actions. (1/29/09)

Acrobat Read Letter

Article from VolCorp CEO, Your deposits at VolCorp are as safe as if they were invested at the Federal Reserve Bank or in U.S. Treasury securities...

Acrobat Read Article


Webinar Tackles Mortgage 'Known Unknowns'
View Archived Webinar


U.S. Central Letter
Open Letter to Credit Unions from U.S. Central Corporate Credit Union CEO Francis Lee (2/9/09)

Acrobat File Read Letter


Update from Association of Corporate Credit Union's CEO, Brad Miller
NAFCU is pursuing legislation that would expand access to and the purpose of the CLF. CUNA is pursuing using TARP as a back-up for the NCUSIF.

Read Summary


TCUL Information on NCUA Stabilization
Information from Tennessee Credit Union League President Tom Gaines.

Acrobat 3/18/2009: Corporate Intervention - Accounting Options

Acrobat 2/16/2009: Corporate Intervention Update

Acrobat Letter 2/5/2009

Acrobat Q & A on NCUA Stabilization


Talking Points
Talking points to assist you with answering questions from your staff, members and the media.

Acrobat Read Talking Points


House Panel to Consider Amendments to Help Share Insurance Fund
Article from CU Times


CUNA Calculator
Estimating Costs of NCUA Corporate Stabilization Program. Credit unions to compute their premium due to NCUA.

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