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Credit Union Industry

NCUA
NCUA Extends Corporate Share Guarantee through June 30, 2012.

NCUA's Proposed Rule - Corporates
View proposed rule 12 C.F.R. Part 704.

Temporary Corporate Credit Union Share Guarantee Program
November 20, 2009 -- NCUA extended the expiration of this program to March 31, 2012. Fully covered: new investments in participating corporate credit unions made before March 31, 2010, with maturities of two years or less (plus existing deposits already covered).

NCUA announced in its weekly update dated Aug 7, 2009, that under delegated authority, the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program is being extended from September 30, 2011 to December 31, 2011.

U.S. Central will not be releasing audited financials on July 10, 2009, a future release date is TBD.

NCUA’s Corporate Stabilization Fund Implementation letter to Credit Unions

NCUA Letter regarding "Paid in Capital" and "Membership Capital" of Corporate's.

Corporate Share Guarantee Program is Extended
Information about NCUA's action.
Scheduling chart for share guarantee extension.

U.S. Central and WesCorp placed into conservatorship
Joseph P. Herbst’s letter to members.
NCUA’s press release; letter 09-CU-06
Video announcement from Chairman Fryzel
Access NCUA's FAQs: PIMCO FAQs, NCUA Conservatorship FAQs

Temporary Corporate Credit Union Share Guarantee Program.

NCUA's CU SIP Liquidity Program


Accounting Rules
Financial Accounting Standards Board (FASB)
New Rules
Proposals


U.S. Central
U.S. Central Announces 2009 Audited Financial Results

U.S. Central Releases 1st Quarter 2010 Financials

U.S. Central Announces Fourth Quarter 2009 Financial Results

U.S. Central announces additional OTTI for Third Quarter 2009

U.S. Central releases 2008 financials

U.S. Central Announces June 30, 2009, OTTI

NCUA Announces Changes to CLF Investment Policy

U.S. Central expects to report unaudited net loss of $1.1 billion (for year ending 12/31/08) Message from Joseph Herbst
Information regarding NCUA’s Corporate Stabilization Program and associated materials


General Information
Monoline Insurer Ambac Creates Segregated Account for RMBS Guarantees
Letter from Joseph P. Herbst
Information from Ambac

New Corporate Network Timeline Resource.