ALEXANDRIA, Va. – NCUA has introduced two new websites, one dedicated to corporate credit union resolution costs, the other to its NCUA Guaranteed Notes program.
The pages offer additional details on both issues, including background information, profiles of legacy assets and their performance, current loss projection ranges, and data on the ongoing performance of the NGNs.
“NCUA is committed to ensuring full transparency throughout the Corporate System Resolution,” said NCUA Chairman Debbie Matz in a statement. “These useful new website tools will assist stakeholders in understanding how NCUA’s ongoing initiatives are mitigating losses from the legacy assets, spreading out loss ranges over time, and reducing assessments paid by credit unions.”
Both pages are available as links from
