Speaking of Flood Insurance...
by CUAD Communications

Amy Kleinschmit, CUAD’s Chief Compliance Officer would like you to know that registration is open for a June 18 webinar discussing updates to the flood insurance rule.

The webinar, hosted by the National Credit Union Administration and four other federal financial regulatory agencies, is scheduled to begin at 1 p.m. CT and will run approximately one hour. Participants will be able to log into the webinar and view it on mobile devices using the registration link.

Staff from the NCUA, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will cover topics including:

  • Mandatory acceptance of private flood insurance,
  • Mandatory acceptance compliance aid,
  • Discretionary acceptance of private flood insurance,
  • Flood coverage provided by mutual aid societies, and
  • Recommended preparations for compliance with the new rule.

A question-and-answer session will follow the presentation. Participants may submit questions in advance at fedwebinar@sf.frb.org. In addition, credit unions may wish to review the NCUA’s online flood insurance resources.



NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.




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