Examination Bill of Rights
Examination Appeals Process Credit Unions Challenge – Termination of Insurance The termination of insurance is the most severe action NCUA can initiate for federally insured state credit unions.
The following are the administrative procedures for termination of insurance: • The NCUA Board issues a Notice of Charges, requesting corrective action. The CU has 120 days to make corrections, although the Board may reduce this time to not less than 20 days if the risk is sufficient.