CUNA CEO's letter to NCUA Chairman Debbie Matz says higher prepayments would allow corporate rescue assessments to further decline.
ALEXANDRIA, Va. — Corporate rescue plan revamped after industry concerns; increases maximum participation amount and raises aggregate total to go forward.
Trade CEO asks agency to consider making prepayments "slightly less" than what agency is paying in interest to the Treasury Department.
Credit unions probably won’t have to pay a premium for the NCUSIF, but the NCUA is still trying to encourage them to part with more of their money.
Agency reverses course after credit unions and trade associations objected, says comments so far have not contained "sensitive" information.
Becker letter says little benefit to keeping feedback confidential and expresses concern about "free-riders."
At a recent credit union meeting when I raised the subject of the NCUA’s recent proposal to permit credit unions to voluntarily prepay assessments, earning 0% interest with the agency, CEO heads were shaking. All in disbelief and all in response to the question, “Will your credit union be participating?”