Reminder: Unlimited Share Insurance Set to Expire Dec. 31

Temporary unlimited share insurance coverage for noninterest-bearing transaction accounts was one of the provisions that came out of the Dodd-Frank Act, and unless Congress passes legislation to amend the current rules, it will no longer be available beginning Jan. 1, 2013.

NCUA Board Holds Busy Meeting

A full overview of the May 19 meeting includes the Board’s actions on indemnification provisions, prepayment of corporate stabilization fund assessments, and a rule clarifying the temporary unlimited deposit insurance mandated by Dodd Frank.