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Credit unions can use a new NAFCU-developed calculator to help them estimate their 2017 rebates if the Temporary Corporate Credit Union Stabilization Fund is closed this year as proposed by the NCUA.

By using the calculator, credit unions can estimate their potential year-end share insurance fund refunds and see how they would be impacted by the NCUA's proposed increase in the National Credit Union Share Insurance Fund's normal operating level from 1.3 percent to 1.39 percent.

The NAFCU Board of Directors and two member-filled committees – the Regulatory and NCUSIF Committees – are urging the NCUA to reconsider this proposal, citing a negative impact on the industry. While this increase in the equity ratio would assure that the NCUA would not charge an NCUSIF premium this year, it would eat into the refunds credit unions should otherwise receive and would result in an unjustifiable retention of credit unions' funds.

NAFCU is also urging the NCUA to exercise more due diligence before closing the TCCUSF.

Comments on this proposal are due to the NCUA by Sept. 5. NAFCU is encouraging credit unions to submit comments. Along with this calculator, the association has made available to its members a Regulatory Alert, comment letter template with talking points and an economic analysis and forecast predicting how the proposal may affect NCUSIF dividends to insured credit unions.