The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Proposed rule lets NCUA assistance to a troubled or acquiring credit union to count as regulatory net worth.
Agency tells trade groups no move needed because such conversions are "relatively rare" and that converting CUs will pay this year's assessment to corporate rescue fund.
More of the costs left over from failed corporate credit unions will hit most existing credit unions in late September. The NCUA Board approved assessing federally insured credit unions an additional 25 basis points of insured shares to help foot the bill for the Temporary Corporate Credit Union Stabilization Fund.
Agency says corporate rescue fund can't count on recouping any losses in lawsuits against investment firms.
Corporate rescue assessment on the list.
The NCUA sued investment bank Goldman Sachs last week, seeking damages of more than $491 million and alleging misrepresentations by the firm when selling mortgage-backed securities to U.S Central and Western Corporate credit unions.
Not enough CUs prepaid to launch the program.
Ohio-based corporate pledges $604,533 as deadline arrives for commitments.
Correction: Deadline arrives today for commitments; NCUA will announce results on Aug. 9.