March 18, 2014

Upper end of TCCUSF assessments in negative

March 18, 2014 - NCUA says the upper end of total projected assessments associated with the Temporary Corporate Credit Union Stabilization Fund has declined by $2.2 billion to a range of negative $2 billion and negative $600 million.

That's down from a negative $200 million to $1.6 billion reported in the second quarter of 2013, and probably points to at least a partial rebate of assessments paid when the fund expires in 2021.

NAFCU has strongly urged an end to future assessments and for a rebate to insured credit unions.