Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW 250K NCUSIF coverage now effective
WASHINGTON (10/3/08, UPDATE 3:30 p.m. ET)--Today’s passage of the Emergency Economic Stabilization Act of 2008 will require the National Credit Union Administration (NCUA) to immediately increase share insurance protection to $250,000 on all types of accounts until Dec. 31, 2009. President George W. Bush this afternoon signed the economic rescue package passed by the House today. NCUA said it is reviewing all share insurance coverage materials included on the Internet Share Insurance Tool Kit, such as the “Your Insured Funds” brochure and print advertisement, to make needed revisions. Revised documents reflecting $250,000 coverage will be posted to the NCUA website as soon as possible, according to the agency.


RSS print
News Now LiveWire
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
27 minutes ago
All 44 #CUs subject to civil money penalties 4 late filing their 2Q Call Reports have consented to those penalties, says @TheNCUA 1of2
29 minutes ago
Full text of @DuchessCornwall's #ICUDay speech: 'a cause worth championing' http://t.co/UNNJa0uBSS
1 hours ago
#Bank disgust not only factor driving #creditunion millennial membership: Inc. http://t.co/sHnjhQwDKc
1 hours ago
#NewsNow Regulator says large banks could face downsizing for ethics gaps http://t.co/B8SMd0RCNr
1 hours ago