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NCUA's Corporate Stabilization Program

News Now Coverage

• (7/09/10) Mid-Atlantic Corporate has new cap structure, consolidates
• (7/06/10) Mid-Atlantic Corporate reaches $115M in capital conversions
• (6/25/10) WesCorp plaintiffs oppose NCUA substitution as plaintiff
• (3/01/10) U.S. Central depletes capital
• (2/22/10) Southwest Corporate launches site to assist in comments
• more related stories ...

CUNA Analysis

• CUNA Corporate Credit Union Task Force Report
• NAFCU, CUNA Task Force Develops Unified Recommendations On Future Of Corporate Credit Union System
• CUNA Summary of NCUA PIMCO FOIA Documents Released July 2, 2009
• CUNA Summary of NCUA Corporate Stabilization Fund Implementation Letter to Credit Unions
• CUNA's E-Guide on the Corporate Stabilization Program
• CUNA Summary of the "Helping Families Save Their Homes Act of 2009"
  (S. 896, Pub. L. No. 111-22, Title II contains credit union provisions)
• CUNA letter to NCUA Board on cost, lack of transparency of conservatorships

Communication Tools

• Dan Mica reassures CU members: Their money is safe, their CUs strong
  Your credit union can link to this video or place it on your own website. Just click the button on the far right of the player, and follow the instructions under the "Embed" selection.
• Talking points (for members)
• Media talking points/Q&A for CUs
• Facts about 'natural person' and corporate CUs
• Model letter to editor (in response to news coverage of conservatorship)
• "Four key facts" soundbite handout for members

Communications tools for members/press on premium costs

• Letter to members
• Talking points (for members/press)
• Sample newsletter article
• Sample letter to local media (editors, producers, etc.)

Information from NCUA

• NCUA Corporate Stabilization Program web page
• Listen to archive of NCUA's Corporate Stabilization Update from June 24, 2009

PIMCO Report

• NCUA PIMCO FOIA Documents Released July 2, 2009
• Redacted PIMCO Report Excerpt
• Redacted PIMCO Contract
• PIMCO "Public Summary"
• NCUA Releases FAQs on PIMCO Credit Analysis and Recent Conservatorship Actions

NCUA Letters To Credit Unions On Corporates

• NCUA letter on Corporate Stabilization Fund Implementation (LTCU: 09-CU-14; June 2009
• Matters Related to “Paid-in Capital” and “Membership Capital” of Corporate Credit Unions (LTCU 09-CU-10; May 2009)
• Corporate Stabilization Program – Conservatorship of U.S. Central FCU and Western Corporate FCU (LTCU 09-CU-06; March 2009)
• Corporate Credit Union System Strategy (LTCU 09-CU-02; January 2009)

NCUA Media Releases and Updates

• Final NCUA "Weekly Corporate Credit Union Update" (June 5, 2009) (NCUA says future updates on the corporates will be provided on "as needed basis")
• Media advisory - NCUA Approves Plan to Spread Replenishment
• Chairman Fryzel Identifies New Options for System-Wide Stabilization Assistance
• Press release on conservatorship
• Information from NCUA on the Financial Crisis

Accounting Materials

• AICPA Technical Practice Aid: Evaluation of Capital Investments in Corporate Credit Unions for Other-Than-Temporary Impairment, AU Section 6995.02
• NCUA Accounting Bulletin 09-02 (April 2009)
• NCUA Accounting Bulletin 09-01 (February 2009)

CUNA Audio Conference Recordings

• Update/Dialogue from CUNA ’09 GAC on NCUA Corporate Stabilization Plan (Feb. 23, 2009)
• Listen to the update
• CUNA Audio Conference Update (Feb. 18, 2009)
• Archive of the conference