The NCUA announced Friday that neither U.S. Central Federal Credit Union nor Western Corporate Federal Credit Union will have annual meetings this year.

In its weekly corporate update, the agency reported that U.S. Central's members will meet in Overland Park, Kansas on April 29 for a town hall meeting with new CEO Jim Nance, in lieu of an annual meeting.

WesCorp's annual meeting, usually presented in tandem with the corporate's economic Future Forum, was scheduled for May 18-21 in Anaheim, Calif. That event is cancelled, also replaced with a town hall meeting on an unspecified date, to take place at WesCorp headquarters or a larger venue if attendance requires more space.

The NCUA also reported it has notified all member credit unions that the requirement to replenish member capital accounts has been "indefinitely suspended."

"Member credit unions will not be required to provide MCA retroactively or based on any retroactive financial measurement. Further, for credit unions that increase deposits to assist the liquidity position and hold to maturity strategy, those additional deposits will not lead to a future requirement to provide or increase MCA," the report stated.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 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.