Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Guarantees of Corporate Credit Union Shares

January 28, 2009
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$80.00 billion

Guarantee insures all assets in corporate credit union accounts that are above current $250,000 limit.  Guarantee effective until Feb. 28, 2009; credit unions given option to renew guarantee until Dec. 31, 2010.

On 3/2/2009 a release from NCUA announced all of the voluntary participants in the program, including over 20 corporate credit unions.

On 4/21/2009 a release from NCUA announced that the guarantee program will end all final guarantees on 12/31/2014.


Maximum amount indicates approximate total amount of deposits over insurance limit, as reported in the Wall Street Journal on 1/28/2009 ( Deficit impact unknown.

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