The NCUA board on Thursday approved the merger of the agency'scorporate stabilization fund with its Share Insurance Fund.
At the same meeting, the board approved boosting the agency'sNormal Operating Level from 1.30% to 1.39%—a move that wasdictated, in part, by the merger of the funds.
Under federal law, the stabilization fund has been used toprovide the agency with the ability to mitigate costs fromstabilizing the corporate credit union system.
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