​Background

Corporate System Resolution Process

The graphic below illustrates a corporate credit union liquidation, including transfer of assets and liabilities to the Asset Management Estate (AME) and bridge corporate, as well as how the NGN trusts fit into the process.
 

Oversight of the NGN Program

The NCUA Board created the NGN Securities Management and Oversight Committee to ensure that NCUA meets all its statutory and legal obligations under the NGN Program. The Directors of the Office of Examination & Insurance (E&I), Asset Management and Assistance Center (AMAC), and the Office of the Chief Financial Officer (OCFO) comprise the Committee.

Periodic Press Releases

For access to NCUA Press Releases including news about the NGN Program, click here. 

Disclaimer

The National Credit Union Administration (“NCUA”) is the independent federal agency that regulates, charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.

This Web site and its related links are provided for the limited purpose of disseminating general information regarding the disposition and performance of certain legacy assets (the “Legacy Assets”) associated with NCUA’s Corporate System Resolution Program.  Accordingly, no credit union, investor, consumer, or any other person or entity should construe the publication of the information on this Web site and its related links as intended to solicit or affect transactions in securities or the rendering of tax, legal, or investment advice.

The graphs and charts set forth on this Web site and its related links depict general information regarding the Legacy Assets and their various asset classes. Past performance is never a guaranty of future performance and the charts and graphs are not meant to predict future performance. No credit union, investor, consumer, or any other person or entity should base any business or investment decision, in any respect, on the information provided by the charts and graphs or on any other information this Web site or its related links provide.

Unless otherwise noted, material presented on this Web site and its related links is considered federal government information and is in the public domain.  If copyrighted content, documents, images, or other materials appear, it will be noted, and the copyright holder must be consulted before that material may be reproduced. References to any specific commercial products, processes, services, or companies do not constitute a recommendation or endorsement by the U.S. Government.