Friday, August 16, 2013 10:11:00 AM
WASHINGTON – The clear case for swiftly ending corporate credit union stabilization fund assessments is one of many topics touched on in CUNA’s latest Inside Exchange video.
The overall status of the corporate stabilization fund, liquidity, and the outlook for assessments are also discussed by CUNA Executive Vice President of Communications Paul Gentile and CUNA Chief Economist Bill Hampel.
NCUA, at its July open board meeting, declared a corporate credit union stabilization assessment of eight basis points of credit unions' insured shares as of June 30. That payment is due October 16.
CUNA has noted that with the improvement of the performance of the NCUA's legacy assets, stabilization fund assessments should no longer be necessary after the 2013 payment. The range for any additional assessment for 2014, if any, will be set by the NCUA board in November.
The Inside Exchange video is available at: http://vimeo.com/channels/insideexchange