Corporate Fix Sites Launched
Shortly before year end, NCUA announced it had launched two new websites to increase transparency of the corporate resolution system.
One site aims to offer information about the status of corporate system resolution. “This website provides transparency into the actual and projected costs incurred by federally insured credit unions as part of the Corporate System Resolution Program,” said its statement of purpose. The other site offers details on NCUA’s Guaranteed Note Program, designed to provide long-term funding for distressed assets from the five failed corporates. Both are easily accessible via a click from the main NCUA website at www.ncua.gov.