NCUA Corporate Credit Union System Resolution Costs Resources
Description
On September 28, 2017, the NCUA Board unanimously voted to close the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) effective October 1, 2017, ahead of its sunset date of June 30, 2021. All remaining funds, property, and other assets were transferred to the National Credit Union Share Insurance Fund (Insurance Fund), representing a major milestone in the wind-down of the Corporate System Resolution Program. While the net projected assessment range is no longer relevant, the NCUA will continue to report the total gross and net corporate system resolution costs (Resolution Costs), as well as the NGN and legacy asset data that has been reported historically. Additional reporting on NCUA’s receivable from the estates, the estimated impact to the equity ratio, and potential recoveries of depleted corporate capital will also be provided.
Resources
| Name |
Format |
Description |
Link |
|
0 |
This resources provides a variety of data on the costs associated with the Corporate Credit Union System Resolution. |
https://www.ncua.gov/support-services/corporate-system-resolution/corporate-asset-management-estate-recoveries-claims |
Tags
- ncua
- corporate-credit-union-resolution
- corporate-credit-union-data