Suretyship and Guaranty; Segregated Deposit and Collateral
By National Credit Union Administration
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The brief below is a reading aid. The original source material and source link remain the governing reference.
Operational Brief
The NCUA Board proposes removing segregated deposit and collateral requirements for FICUs acting as sureties and guarantors; this will provide greater flexibility in product design. FICUs would still be subject to other surety and guaranty agreement requirements.
Why It Matters for Texas Credit Unions
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities.
Who this most likely affects
Bounded site guidance: This item is most likely relevant for boards, executive leadership, and governance owners.
Why this fit: The source language points to governance, management, or supervisory posture rather than a narrow line function.
This is site guidance, not a formal determination. Federal Register - Credit Unions and the original source material remain the governing reference.
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The NCUA Board (Board) seeks comment on a proposed rule to remove the segregated deposit and collateral requirements when a federally insured credit union (FICU) acts as a surety and guarantor. Removing this regulation will provide FICUs with greater flexibility to design products that meet member needs. FICUs would remain subject to the other requirements regarding surety and guaranty agreements.