Oct. 5, 2012 – The stabilization assessment outlook, the impact of credit union feedback on rulemaking, and the health of the credit union industry were among the key issues addressed Thursday at an NCUA town hall webinar hosted by NCUA Chairman Debbie Matz.
During the webinar, NCUA staff reaffirmed that there will not be a National Credit Union Share Insurance Fund premium this year, but an estimated range for 2013 NCUSIF premiums and corporate stabilization assessments will be announced at NCUA’s Board meeting in November.
Matz emphasized that NCUA values the input it receives from credit unions on its rulemaking. NCUA’s proposal to increase the asset threshold for a “small entity,” the proposed rule on the definition of “rural district,” and a proposal to allow federal credit unions to invest in Treasury Inflation Protected Securities are all examples where NCUA incorporated feedback from this year’s listening sessions, she said.
On the state of the industry, Matz pointed to NCUA’s latest call report data as evidence that credit unions are becoming stronger. She noted that credit unions’ overall net worth currently stands at roughly 10.1 percent, delinquencies and charge-offs are down, and membership continues to climb.
Other key takeaways from the webinar:
- NCUA’s National Examinations and Supervision Office, which will supervise all natural person credit unions with $10 billion or more in assets as well as all corporate credit unions, is still on track to be operational in January 2014;
- NCUA will be putting more resources into examining larger credit unions than small ones –– on this point, Matz noted that risk to the NCUSIF is concentrated on the larger credit unions;
- NCUA is updating its examiner’s guide and will be making its National Supervision Policy Manual available to the public soon.