NCUA-FDIC Hosts Update on Federal Deposit Insurance Coverage Changes

GuidanceNational Credit Union Administration (NCUA)General Information

National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood joined Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg today for an update to consumer organizations and financial services associations regarding the impending changes to federal deposit insurance coverage.

“I was pleased that the NCUA and FDIC joined together for such an important forum to discuss the implementation of deposit insurance changes recently signed into law by President Bush,” said Vice Chairman Hood. “It is vital that credit unions have accurate information available for members. We look forward to the assistance of those within the credit union system and consumer affairs in outreach efforts concerning enhancements to deposit insurance.”

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