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Board Action Bulletins: 2009
Closed Board Meeting, January 28, 2009
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
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