The NCUA board will consider closing its Corporate Stabilization Fund and establishing a new Normal Operating Level at its Sept. 28 meeting.
The two related issues have generated controversy in the credit union community.
The board solicited comments on a plan to close the stabilization fund and merging it into the Share Insurance Fund. The merger could result in an initial Share Insurance Fund distribution to federally insured credit unions of between $600 and $800 million. The stabilization fund had been scheduled to close in 2021.
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