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Stabilization

Stabilization Actions

NCUA is committed to ensure that the corporate credit union crisis does not cause disruptions to member natural person credit unions or consumer services.

The steps NCUA has taken to-date, including establishing the Temporary Corporate Credit Union Share Guarantee program, the Temporary Corporate Credit Union Liquidity Guarantee program, and the Temporary Corporate Credit Union Stabilization Fund, averted a system-wide crisis that could have seriously undermined the stability of the entire credit union system. The stabilization plan has also successfully maintained critical corporate credit union services.

In the table below, click on the links to read an explanation of conditions that led to stabilization actions in the corporate credit union system and the details of those actions.


THESE DOCUMENTS ARE BEING PROVIDED FOR INFORMATION PURPOSES ONLY, AND DO NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, SECURITIES. THEY DO NOT PURPORT TO BE ALL-INCLUSIVE OR TO CONTAIN ALL OF THE INFORMATION THAT A PROSPECTIVE INVESTOR MAY REQUIRE TO MAKE A FULL ANALYSIS OF THE SECURITIES TRANSACTIONS REFERENCED HEREIN. THE INFORMATION CONTAINED HEREIN REGARDING SECURITIES TRANSACTIONS WILL BE SUPERSEDED, AND IS QUALIFIED IN ITS ENTIRETY, BY INFORMATION CONTAINED IN THE DEFINITIVE OFFERING DOCUMENTS FOR THE SECURITIES TRANSACTIONS. OFFERS OF SECURITIES WILL BE MADE ONLY THROUGH THE DELIVERY OF DEFINITIVE OFFERING DOCUMENTS FOR THE SECURITIES TRANSACTIONS AND IN ACCORDANCE WITH APPLICABLE SECURITIES LAWS.


Document Number Title Description of Contents
CSR-3 Glossary of Terms A glossary of terms used in corporate system resolution documents.
CSR-4 Fact Sheet: Temporary Corporate Credit Union Share Guarantee Program Information on the temporary guarantee coverage program for credit union deposits that exceed the National Credit Union Share Insurance Fund insurance limits at corporate credit unions.
CSR-9 Corporate Credit Unions Participating in Share Guarantee Program This document lists all corporate credit unions participating in the Temporary Corporate Credit Union Share Guarantee Program.
CSR-36 Flow Chart for Temporary Corporate Credit Union Share Guarantee Program A flow chart to assist credit unions in determining if term deposits (CDs) in corporate credit unions are covered under the share guarantee program. Effective 10/14/2010.
CSR-5 Fact Sheet: Temporary Corporate Credit Union Liquidity Guarantee Program This document summarizes the temporary liquidity guarantee program for corporate credit unions and provides notice of the specific terms and condition applicable to the revised Temporary Corporate Credit Union Liquidity Guarantee Program.
CSR-6 Frequently Asked Questions: Corporate Credit Union Functions Background and overview of how corporate credit unions have historically served the credit union system.
CSR-7 Frequently Asked Questions: Corporate Crisis Information on investments held by corporate credit unions, how the investments were affected by the downturn in the housing and financial markets, and how problems with the investments affected corporate credit unions and threatened the entire credit union system.
CSR-8 Frequently Asked Questions: Corporate Stabilization Actions NCUA's efforts to stabilize the credit union system to avert a systemic crisis that could have undermined the stability of the credit union system and to ensure liquidity for lending activity and payments processing.
Archive Archived Corporate Stabilization Actions Link to original web page and contents on the corporate stabilization actions.