This page contains useful information on corporate credit unions.
CUNA's White Paper on the NCUA's corporate assessment prepayment plan
Considering the Corporate Stabilization Plan
The Corporate Credit Union Task Force report includes a breakdown of corporate credit union options and non-corporate credit union alternatives that the task force thoroughly examined and recommends credit unions consider in evaluating their need for corporate-like services.
NJCUL's Corporate Credit Union Task Force Final Report
CUNA's Document Explaining the NCUA's Proposed Plan for Prepayment of Corporate Credit Union Stabilization Fund Assessments
CUNA Q and A on NCUA Assessment Prepayment Plan
Members United Bridge Corporate FCU Update
NCUA Letter to Members United Bridge Corporate FCU Members on Capital Plan - April 18, 2011
CUNA's Comparison of NCUA and FDIC Assessments
One of the biggest concerns credit unions face is the significant cost of past and future NCUA assessments. CUNA's Economic and Statistics Department has released a White Paper titled Comparing Future NCUA and FDIC Assessments that compares NCUA and FDIC assessments over the past three years, as well as the projected assessments over the next decade.
Latest Materials to Use with Members, Boards, and the Press: "This is not a bailout."
Talking points for you to use with your members concerning the conservatorship of Members United Corporate FCU, Southwest Corporate FCU, and Constitution Corporate FCU.
A "what has happened" sheet (for you to fill in with the name of any local corporate, or to edit to your needs) that explains, in clear terms, NCUA's actions;
Q and A for use with local media; and,
Sheet for members on the safety and soundness of credit unions.
Talking Points for Credit Union CEOs to Brief Boards on NCUA's Actions
CUNA's Initial Summary of NCUA's Corporate Credit Union Actions
Matters Considered at 9/24/10 NCUA Board Meeting:
Final Rule - Part 704 of NCUA's Rules and Regulations, Corporate Credit Unions. Item 1a; Item 1b
Delegation of Authority, Corporate Credit Union Service Organizations. Item 2
Board Briefing, Corporate Credit Unions' Legacy Asset Plan Update.
Interpretive Ruling and Policy Statement (IRPS) 10-2, Corporate Federal Credit Union Chartering Guidelines. Item 4a; Item 4b
To visit CUNA's Corporate Stabilization Center click the link below:
Corporate Credit Union Talking Points
Letter from CUNA's Dan Mica to NCUA's Michael Fryzel
Calculate Your CU's Share of NCUA's Corporate Stabilization Plan
See the aggregate industry effects of NCUA's Corporate Stabilization Plan
Letter from CUNA to House Financial Services Committee Chairman Barney Frank and Ranking Member Spencer Bachus Regarding H.R. 786
Feb. 4 CUNA Conference Call Material
NCUA Accounting Bulletin
Bank vs. CU Rates
View Financial Impact of NCUA's Plan on Your CU
NJCUL Corporate CU Call
NJCUL Corporate CU Forum Presentation
Corporate Stabilization Supervisory Letter
ANPR - Corporates
Talking Points Following US Central and WesCorp Conservatorship
NCUA Letter to Credit Unions on US Central and WesCorp
NCUA FAQ on PIMCO
NCUA FAQ on Conservatorship
CUNA's Corporate Communications Toolkit
NCUA's Q and A on Corporate Credit Union Stabilization Fund
Chairman Fryzel Testimony on Corporates
NCUA's Letter to Credit Unions on PIC and MCA
Joint CUNA/NAFCU Corporate CU Task Force Recommendations
NCUA Release on US Central Audit
US Central 2008 Audit Q & A
US Central 2008 Audited Financial Statements
NCUA's Proposed Corporate Reg
Members United Corporate FCU Comments on Reg 704
Mid-Atlantic Corporate FCU Comments on Reg 704
CUNA Breakdown of Corporate Reg
CUNA Corporate Reg Chart Breakdown
NCUA Bridge Corporate Consolidation Policy Statement NEW