Newsroom

November 20, 2014

No stabilization assessment seen for 2015

NCUA staff told the board Thursday that no assessment is likely to be needed next year for the Temporary Corporate Credit Union Stabilization Fund and that any share insurance premium would likely be in the range of 0 to 5 basis points.

NCUA Chairman Debbie Matz said if current trends continue and legacy assets perform well, "we should be able to avoid any more assessments" for corporate stabilization.

Since the stabilization process began, insured credit unions have paid $4.8 billion in stabilization assessments. The last share insurance premium – which is paid to the National Credit Union Share Insurance Fund – was assessed in 2010.

Staff said factors in calculating the estimated 2015 NCUSIF premium range will be provided in a Letter to Credit Unions.