NCUA to finalize changes to MDI Preservation Program, receive SIF quarterly report 

The NCUA released the agenda for its February Board meeting, noting that the agency will receive a briefing on the Share Insurance Fund’s (SIF) quarterly report and will issue a final interpretive ruling and policy statement on the Minority Depository Institution (MDI) Preservation Program. 

The NCUA outlined proposed changes to the MDI Preservation Program last year and both CUNA and NAFCU—prior to the merger to form America’s Credit Unions—were supportive of the changes. 

In addition, the NCUA last received a briefing on the SIF in September, revealing that the fund reported a net income of $37.1 million with an equity ratio of 1.27%.   

The board meeting will begin Thursday at 10 a.m. Eastern. Credit unions can view a livestream of the meeting on the agency’s website.  

America’s Credit Unions will track the meeting and provide credit unions with relevant updates. 

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