Remaining Corporate Stabilization Costs Decrease
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.