Notice of Termination of Excess Insurance Coverage
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 to amend regulations regarding the timing of prior notice for terminating excess non-federal insurance coverage. This aims to reduce regulatory burden on federally insured credit unions (FICUs).
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) is issuing for public comment a proposal to amend the NCUA's regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance Fund). The provisions of this part apply to all federally insured credit unions (FICUs). The proposal would reduce regulatory burden by amending the provision on the timing of prior notice provided to members of the termination of excess non-federal insurance coverage.