NCUA to Deal with Corporates, Premium Projections and Budget
The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.
The agency won't announce the actual amounts until next year but is giving credit unions the range so they can make plans and set aside funds, according to agency officials. For this year, the agency projected between 15 and 40 basis points and combined assessment turned out to be 25.8 basis points. The premium for the NCUSIF was 13.4 basis points and the assessment for the corporate credit unions was 12.4 basis points.