NCUA Board poised to set stabilization assessment
July 19, 2013 – The NCUA Board is set to decide this year's corporate stabilization assessment during its July 25 open meeting, which will also include a quarterly report on the National Credit Union Share Insurance Fund, a reprogramming of NCUA's 2013 budget and more.
In November, NCUA estimated that this year's stabilization assessment could equal an amount ranging from 8-11 basis points of insured shares. It estimated this year's share insurance fund premium, which is decided later in the year, at a range of 0-5 basis points.
The stabilization assessment would be used to repay costs of the Temporary Corporate Credit Union Stabilization Fund.
In addition to the assessment, the quarterly NCUSIF report and mid-year reprogramming, the July 25 agenda includes:
- proposed Interpretive Ruling and Policy Statement 13-1, Minority Credit Union Preservation Program;
- a board briefing on an interagency proposal, Joint Diversity Standards for Regulated Entities;
- a proposed rule on the electronic filing of financial reports (revising Parts 741and 748 of NCUA's rules and regulations);
- a request from San Francisco FCU to expand its community charter.
The meeting is set for 10 a.m. next Thursday. The board will hold its closed session Wednesday.
NCUA Supervisory Priorities for 2018
Compliance Monitor - February 2018
Get daily updates.
Subscribe to NAFCU today.