Temporary Corporate Credit Union Stabilization Fund (TCCUSF)
We want credit unions to get their money back from the TCCUSF as soon as possible, but we want you to get all of your money back – not just a portion. When NCUA released their proposal on the TCCUSF's closure, we were the only trade association that fought to maintain the Normal Operating Levels (NOL) at 1.3 percent. We will continue to fight for our members on this issue and push for future rebates for credit unions.
How This Impacts You
Distributions from the TCCUSF began in July 2018, after raising the NOL from 1.3 percent to 1.39 percent. This is the highest NOL in the fund's history and it could result in excess money being retained by the agency that credit unions could use to better serve their members.
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