National Credit Union Share Insurance Fund Premium and One Percent Deposit

• Date: February 11, 2010
• Source: www.ncua.gov

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 § 741.4 to clarify these procedures. The final rule also adds Appendix A to Part 741, which repeats various examples of the application of § 741.4, as discussed in the preamble to the proposed rule.
 

Effective Date: January 4, 2010

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