In addition to guaranteeing deposits, the Bank Guarantee Fund provides financial assistance to credit unions facing the threat of insolvency and to support restructuring processes with respect to these credit unions. This assistance activity is financed from BFG’s own funds, contained in the Credit Union Guarantee Fund (a.k.a. the Credit Union Fund). Inflows to this fund come from mandatory annual premiums paid by credit unions.
In addition to guaranteeing deposits, the Bank Guarantee Fund provides financial assistance to credit unions facing the threat of insolvency and to support restructuring processes with respect to these credit unions. This assistance activity is financed from BFG’s own funds, contained in the Credit Union Guarantee Fund (a.k.a. the Credit Union Fund). Inflows to this fund come from mandatory annual premiums paid by credit unions.
