The NCUA explained in greater detail last week how it was able to reduce its initial projection for an insurance premium from 0.30% to 0.15%.
"That original 0.30% premium assessed back in January, we now believe that will be reduced to 0.15%," NCUA Director of the Office of Examination and Insurance Melinda Love said during a June 24 Webcast. She added the number could change before the final recommendation to the NCUA Board is made in September.
The first quarter always shows very strong share growth and when annualized can be in the double digits, Love said, but also typically levels off through the remainder of the year. So while the NCUA is expecting share growth to taper off, it still expects higher-than-usual deposit growth.
Natural person credit union deposit growth hasn't translated into corporate deposit growth, however, which has created a "stable but tenuous" outlook for corporate liquidity.
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