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Michigan Credit Union League Home » Information Services » Corporate Credit Union System Resolution  

NCUA Corporate Credit Union System Resolution Information

The MCUL has compiled resources below related to NCUA's announcement of their “Corporate Stabilization Program.” This page will be updated daily as further information becomes available.

Latest News and Updates

Archived News

Regulatory Guidelines (including accounting):
Information from NCUA, MCUL and CUNA including assessment calculators and bulletins

Talking Points/Communications:
Information from NCUA, MCUL, CUNA and Cencorp including talking points, sample newsletter articles and an MCUL video for credit union board members and staff

Regulatory Guidelines (including accounting)

NCUA

OFIR

MCUL

CUNA

Talking Points/Communications
NCUA

MCUL 

 CUNA

Cencorp

As background, credit unions throughout the country own the 26 Corporate credit unions.  US Central is owned by 26 Corporate credit unions, including CenCorp.  The $1.2 billion in additional investment losses at US Central (unaudited) and the $1.0 billion capital infusion from the NCUSIF announced yesterday will directly impact US Central's capital.  Prior to these announcements, US Central's capital consisted of the following (in billions):  

  • Retained Earnings: $0.70
  • Paid-in-Capital from Corporates: 0.75
  • Member Capital Shares from Corporates: 1.23
  • Total Capital: $2.68
     

 

 
   
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