ALEXANDRIA, Va.-NCUA issued a proposed rule at last week's board meeting to update its official NCUA-insured signage for federally-insured credit unions.
With the increase in federal deposit insurance coverage for certain retirement accounts after deposit insurance reform was signed into law, NCUA and the FDIC are working together to bring their respective signage in line with the changes. The new language would reflect the increase and include the statement that accounts insured by the NCUSIF are "backed by the full faith and credit of the United States Government."
NCUA will bear the cost of the new signage, estimated at approximately $125,000, for credit unions the first time around. This is consistent with the agency's practice for new credit unions.
Recommended For You
NCUA is asking whether 60 days is a long enough time for credit unions to comply with the new signage requirements once they are finalized.
The public comment period is open until Aug. 11, a bit shorter than the normal 60 days, to keep the agency on-track for the November deadline for a final rule.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
