The NCUA announced today it will hold a June 24 Webinar on the implementation of the Corporate Credit Union Stabilization Fund legislation.
The Webinar will be held following the board's regularly scheduled meeting on that day and will present guidance to the industry on compliance with the law, which President Obama signed last week.
Details of the Webinar will be announced at a later date, though credit unions will have the opportunity to submit questions.
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The fund is part of the agency's program for helping corporate credit unions, which has included injecting capital into U.S. Central Corporate Federal Credit Union, placing U.S. Central and Western Corporate Federal Credit Union into conservatorship, and guaranteeing the deposits at all corporate credit unions.
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