The high end of the net remaining corporate assessments declined $2.3 billion between December 2012 and July 2013, the NCUA announced Friday.

The decline in remaining Temporary Corporate Credit Union Stabilization Fund assessments is a combination of a $1.6 billion decrease in expected costs and the $700 million assessment collected in October 2013. Total future remaining assessments are now projected to be no higher than $1.6 billion. At the end of 2012, the projected range was $1.6 billion to $3.9 billion.

The NCUA Board announced at its Nov. 21 meeting that the agency expects no corporate assessment for 2014, in part due to the recently announced $1.4 billion settlement with JPMorgan Chase. The estimates for future assessments released Friday were calculated from data at the end of the second quarter of 2013 and do not include that settlement. The JPMorgan Chase settlement will be incorporated into future assessment range calculations, including a special, high-level website update as of the third quarter of 2013 that NCUA will release in the coming months, the regulator said.