Currently, there is quite a bit of uncertainty surrounding the creation of the new Temporary Corporate Credit Union Stabilization Fund and its impact on NCUSIF deposit impairment. Questions have also been asked regarding the impairment of investments in corporate credit union Paid-In Capital (PIC) and Membership Capital Accounts (MCA). This Accounting Insight addresses some of the more significant questions related to these two items. The answers below are preliminary and depend greatly on what actions the NCUA will take and any additional guidance provided by the NCUA.
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Length: 3 pages (PDF 48 kB)