ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.
Under the plan, credit unions wouldn't earn any interest, and the total collected in prepayments would have to be at least $300 million for the program to take effect.
The NCUA has estimated that assessments for natural person credit unions to repay the costs of the corporate credit union rescue will be between 20 and 25 basis points this year.
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