National Credit Union Administration February 23, 2018 – Federal Register Recent Federal Regulation Documents

Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions
Document Number: 2018-03622
Type: Rule
Date: 2018-02-23
Agency: National Credit Union Administration, Agencies and Commissions
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.