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NCUA covers corporate CU concerns in letter webinar
ALEXANDRIA, Va. (6/24/09)--In the "first of many communications" with stakeholders, the National Credit Union Administration (NCUA) in a letter published on Tuesday outlined the "benefits and requirements" of its recently enacted corporate credit union stabilization fund. The letter also described "the actions taken to implement the legislation" and summarized how those actions will affect the National Credit Union Share Insurance Fund capitalization deposit and future premium assessments. The NCUA will publicly answer questions related to this letter in July. The content of the letter will also be discussed in greater detail during the NCUA's interactive seminar on the corporate credit union stabilization plan, which begins today at 1 p.m. Registration for credit union representatives that still wish to participate will remain open until 12:45 p.m. NCUA Examination and Insurance Director Melinda Love and Office of Corporate Credit Union official Scott Hunt will moderate the two hour webinar, which is expected to include discussion of recent board decisions related to the creation of the temporary corporate credit union stabilization fund. The NCUA staff will also discuss the possible impact that this fund could have on credit unions, and give a general update on the status of corporate credit unions. Audience members will also have an opportunity to have their questions directly answered by NCUA staff. The Credit Union National Association will also stream the webinar live for all attendees of the America's Credit Union Conference & Expo, which ends today. A registration link and a link to the NCUA letter can be found at the bottom of the page.
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