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Rating:The NCUA Corporate Stabilization Program was created on January 28, 2009, in response to investment losses incurred at U.S. Central Credit Union, which is the Corporate Credit Unions' corporate credit union. The National Credit Union Administration is an autonomous agency of the United States federal government, and is responsible for regulating and insuring all federally insured credit unions in the United States. The NCUA's plan calls for all federally-insured natural-person credit unions in the U.S. to pay an increased insurance premium to the National Credit Union Share Insurance Fund in 2009 to make up for the investment losses at U.S. Central, to which the NCUSIF has written a $1 billion capital note.
read moreNon-Corporate Credit is a catch-all term used to include types of bonds that are forms of credit, but not issued by private corporations - and therefore cannot be considered corporate debt. Non-Corporate Credit generally includes sovereign debt, regional governments and government agencies in a currency other than that of the issuer, and bonds issued by supranational entities.
read moreA corporate credit union, also known as a central credit union, provides services to natural person credit unions. In the credit union industry, they are sometimes referred to as "the credit union’s credit union". In the United States, corporate credit unions may either be chartered by the National Credit Union Administration, or under state authority if permitted under that state's financial services laws.
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