NAFCU has repeated its previous request of NCUA to keep any assessment levied on credit unions for the Share Insurance Fund as low as possible.
"NAFCU is again urging the agency exercise considerable forbearance with regard to the assessment for the NCUSIF," NAFCU CEO Fred Becker wrote in a Sept. 9 letter to the agency Chairman Debbie Matz.
"We fully recognize the importance of maintaining the NCUSIF at a level above 1.0 and the difficulty of managing the equity ratio with 'a fine measure of precision while maintaining a reasonable margin of safety,' as you noted in your remarks at NAFCU's 43rd Annual Conference and Exhibition in July.
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