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Call to Action! NCUA Needs to Hear from You
Friday, August 25, 2017 7:00 AM

Do you want money back from NCUA? If the answer is yes, Cornerstone needs you to take action and comment by Sept. 5 in response to NCUA’s proposal regarding requirements for insurance and the National Credit Union Share Insurance Fund (NCUSIF) equity distributions.

Credit unions should submit comments encouraging NCUA to close the Temporary Corporate Credit Union Stabilization Fund, transfer funds to the NCUSIF, and proceed with equity distributions to return funds to credit unions. Credit unions are encouraged to comment regarding the method for calculating a federally insured credit union’s proportionate share of an NCUSIF equity distribution.

Take action by sending comment letters by the Sept. 5 deadline.

Please visit Cornerstone's compliance site here for details on how to respond, talking points, summary of the proposal, and resources. Don’t be silent on such a key issue. Write your comment letter today!

If you have questions, please contact Suzanne Yashewski at 512-853-8516 or via email at syashewski@cornerstoneleague.coop.