insurance coverage

• Church Charges NCUA Advised CU Members to Maximize NCUSIF Payout

  By David Morrison  |  February 23, 2012

  A church seeking to recover lost money is alleging that NCUA staff acted unscrupulously.

• NCUSIF Insurance Coverage Focus of NAFCU Webinar

  By Claude R. Marx  |  January 18, 2012

  NAFCU will hold a webinar on Jan. 25 for credit union executives who want a primer on the NCUA’s requirements for insurance coverage.

• Bank Transfer Day: Washington State Regulator Sees No Net Worth Problem

  By Jim Rubenstein  |  November 2, 2011

  Linda Jekel, credit union regulator for the state of Washington, said she does not foresee any supervisory issues arising from Bank Transfer Day.

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  Credit Score Decline Has CUs Seeking Alternatives

  By Michelle A. Samaad  |  July 31, 2011

  Like most parts of the country, unemployment has hit some members of ORNL Federal Credit Union in a devastating way.

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  Financial Literacy Programs Can Reach the Entire Family

  By Myriam DiGiovanni  |  June 20, 2011

  Financial education may be the avenue credit unions have been looking for to reach parents, young adults and children alike.

• Corporate Prepayment Plan Unveiled by NCUA Board

  By Claude R. Marx  |  May 23, 2011

  ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.

• On-Site Coverage: NCUA Approves Golden Parachute Ban for Executives at Troubled CUs and Ad Rule Changes

  By Claude R. Marx  |  May 19, 2011

  ALEXANDRIA, Va. — The NCUA ruled Thursday that federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 are prohibited from offering golden parachutes to executives.

• SECU Plans Second Test Run of Estate Planning Program

  By Michelle A. Samaad  |  February 2, 2011

  After testing out an estate planning pilot program last year with more than 1,100 of its employees, State Employees' Credit Union wants one more round of feedback before rolling out services to its 1.6 million members.

• NCUA Launches Ad Campaign on Deposit Insurance

  By Claude R. Marx  |  October 4, 2010

  The NCUA is using television, radio and billboards to spread the word about deposit insurance.

• NCUA Board Makes NCUSIF $250K Coverage Permanent

  By Sarah Snell Cooke  |  September 17, 2010

  The NCUA Board voted to amend its regulations to make the $250,000 per account NCUSIF coverage permanent.