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Closed Board Meeting January 28, 2009

Board Action Bulletin

​The NCUA Board unanimously approved the following actions:

  • Guarantee uninsured shares at all corporate credit unions through February 2009, and establish a voluntary guarantee program for uninsured shares of all corporate credit union through December 31, 2010;
  • Issue a $1 billion capital note to U.S. Central Corporate Federal Credit Union (U.S. Central);
  • Issue an Advance Notice of Public Rulemaking (ANPR) on restructuring the corporate credit union system; and
  • Declare a premium assessment to restore the National Credit Union Share Insurance Fund (NCUSIF) equity ratio to 1.30 percent, which will be collected in 2009 

Prepared by the Office of Public and Congressional Affairs