The Pennsylvania Credit Union Association formally complained this week about the NCUA's assessment schedule urging the agency to use its discretionary power to spread out the assessments over the maximum period of time allowed by law.

This way "we can catch our breath," said the association whose board adopted a formal resolution on the NCUA policy during a Sunday meeting.

"The association board recognizes that the NCUA has discretion regarding the operating level of the National Credit Union Share Insurance Fund and it works to the benefit of all credit unions if the NCUA utilizes that discretion," said the resolution issued by Ray Brunner PCUA chairman and president/CEO of West-Aircomm FCU of Beaver, Pa.