Therefore, a rebate of an insurance premium would not be available. You also ask about premium refunds in both voluntary and involuntary liquidations. As a matter of practice, very few FCUs are liquidated voluntarily.
Most involuntary liquidations are of insolvent credit unions.
Neither the insurance deposit nor the premium will be refunded in that case. Although the premium refund of a solvent credit union that is liquidated is not specifically addressed in the FCU Act or the NCUA Regulations, in practice, a prorata portion of the premium would be returned in the case of such a credit union. I hope that we have been of assistance.