Title 15 — Commerce and TradeRelease 119-73not60
§9047 Federal Credit Union Transaction Account Guarantees
Title 15 › Chapter 116— CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT) › Subchapter III— ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY › Part A— Coronavirus Economic Stabilization › § 9047
Summary
Despite laws, NCUA Board with FDIC by vote may raise NCUSIF coverage on noninterest-bearing transaction accounts at federally insured credit unions to unlimited or lower, no exceptions; ends December 31, 2020.
Full Legal Text
Title 15, §9047
Commerce and Trade — Source: USLM XML via OLRC
Notwithstanding any other provision of law and in coordination with the Federal Deposit Insurance Corporation, the National Credit Union Administration Board may by a vote of the Board increase to unlimited, or such lower amount as the Board approves, the share insurance coverage provided by the National Credit Union Share Insurance Fund on any noninterest-bearing transaction account in any federally insured credit union without exception, provided that any such increase shall terminate not later than December 31, 2020.
Reference
Citations & Metadata
Citation
15 U.S.C. § 9047
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60