Agency resets date for September board meeting

July 26, 2017 -- NCUA will hold its next board meeting Sept. 28 -- one week later than the agency had originally set its meeting -- as it prepares to consider dismantling the fund set up to stabilize the corporate credit union system. The September board meeting (no meeting is scheduled for August, as has been the board’s practice for many years) will be the first since the closing of comments Sept. 5 on the board’s proposal from just last week to close the close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) in October and merge it into the National Credit Union Share Insurance Fund. If the board approves closing the fund (which is widely supported within the credit union industry), an estimated $600 million to $800 million from the insurance fund could be distributed to credit unions next year.