NCUA posted a new "corporate stabilization" document to its website. The new document is an analysis of the distressed investments held at corporate credit unions. While this is technically CFO stuff, people expect compliance officers to find stuff that pertains to NCUA. So here's a link to that document. And here's a link to NCUA's corporate stabilization homepage, which serves as a repository for all related guidance.
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We often get questions regarding bankruptcy at NAFCU. Let me be honest: we are farfrom being experts regarding bankruptcy. There's no substitute for good legal counsel who is familiar with your particular jurisdiction/bankruptcy court. That being said, here's a good bankruptcy resource.
You'll find links to forms, form instructions, overviews, etc. Good stuff, people. Good stuff.
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