Down With TCCUSF, Up With NOL
Last week, the NCUA voted to raise the normal operating level (NOL) of the share insurance fund to 1.39 percent. The vote also merged the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) with the National Credit Union Share Insurance Fund (NCUSIF), meaning the TCCUSF will be closed in 2017, with payouts to credit unions beginning in 2018. [10/2/17]