COVID-19: Cash

Date: 
Friday, March 27, 2020

CASH Activity: Member deposits in all Iowa state-chartered credit unions are insured up to $250,000 per depositor by the National Credit Union Share Insurance Fund.  The Division requests any credit union experiencing unusual cash withdrawal or deposit activity to notify the Division via email: 

 Chris Kumpf - chris.kumpf@iowa.gov  

Prior to enactment, each credit union must submit any board approved change to the credit union’s policies regarding limitations on member deposits and withdrawals. The Division will review each policy on a case-by-case basis with an emphasis on safety and soundness.

Additional emergency guidance can be found on the COVID-19 Resource Page.

 

Printed from the website on January 20, 2021 at 6:26am.