NCUA: No future corporate stabilization assessments expected

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Larry Fazio led a session on NCUA's examination report modernization during NAFCU's Annual Conference last week. (Dietsch photo)

July 31, 2014 – NCUA staff said all the numbers for the Temporary Corporate Credit Union Stabilization Fund indicate credit unions will unlikely be hit with anymore corporate stabilization assessments going forward - a result NAFCU has long pushed for.

Larry Fazio, director of examination and insurance, said it's too early to talk about any refunds to credit unions since the fund remains in place until June 2021. But again, all numbers point to no more assessments on credit unions for stabilization of the corporate system.

Watch NAFCU Today for more details.