NCUA changes notice requirements for ending extra insurance coverage
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Table of Contents
The National Credit Union Administration (NCUA) is changing its rules regarding how credit unions notify their members when they stop carrying non-federal insurance.
Why it matters: This is a minor administrative change regarding paperwork and notification timelines for credit unions that carry insurance beyond the standard federal limit.
Who it affects
- Federally insured credit unions
This information comes from a final rule published by the National Credit Union Administration; readers should consult the Federal Register for specific technical details before relying on it.
Agency: National Credit Union Administration
Source: Federal Register — read the official document