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NCUA published updated information on Wednesday about the continued improvement of the Corporate Resolution Program and the NCUA Guaranteed Notes Program, and it said it is unlikely the agency will charge credit unions future Temporary Credit Union Stabilization Fund assessments.

The upper and lower ends of the projected assessment range for the TCCUSF remain negative, from negative $2.4 billion to negative $4 billion. The information on the programs is available at NCUA's website.

"We have come a long way since the days when the credit union system faced up to $10.5 billion in possible Stabilization Fund assessments," said NCUA Board Chairman Rick Metsger. "The carefully guided corporate resolution strategy, an improving economy and the agency's determination to hold Wall Street firms accountable have together put federally insured credit unions in a position for a much less intimidating outcome. If these trends continue, credit unions can expect no further Stabilization Fund assessments."

The NCUA Board was briefed on the fund's quarterly report during its September meeting last week.

To date, credit unions have paid $4.8 billion in assessments, and NCUA has recovered more than $3 billion in suits targeting the banks that sold faulty mortgage-backed securities to corporate credit unions.

NAFCU continues to urge NCUA to be vigilant in pursuing recoveries from Wall Street firms that led to the downfall of five corporate credit unions, and NAFCU urges the agency to be transparent on the recovery process and any future rebate to credit unions.