Share Insurance & Security of Funds
The abrupt closure of IndyMac Bankcorp this past weekend has many consumers concerned about the safety of their funds and the extent of federal deposit insurance coverage. NAFCU’s compliance attorneys have received an influx of calls from members looking for answers to commonly asked questions regarding share insurance and security of funds.
NAFCU Webcast
Share Insurance Fund Fundamentals
Friday, July 25, 2008
2:00 p.m. – 3:30 p.m. Eastern Time
Two Ways to Register
You’ll benefit from share insurance fund expert, NCUA Staff Attorney, Frank Kressman, as he presents an overview of National Credit Union Share Insurance Fund (NCUSIF), a review of frequently asked share insurance and security of funds questions and their answers and a live Q&A session where you can ask your own questions.
As an added bonus, you can send NAFCU all of your Share Insurance and Security of Funds related questions in advance to compliance@nafcu.org and Frank will address as many as possible during the presentation and Q&A.
This webcast is free, but you do need to register with NAFCU's Member Service Center to participate.
Share Insurance Resources
Below are some links to information about the NCUSIF that you can use to respond to your members’ concerns.
Share Insurance Resources:
If you have any questions, please feel free to contact NAFCU’s Senior Compliance Counsel and Director of Regulatory Compliance, Anthony Demangone, at 800-336-4644 or ademangone@nafcu.org.
To order NAFCU Share Insurance statement inserts now, download the order form.
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