Should the NCUA go forward with its plan to allow CUs to prepay their assessments for corporate stabilization costs, the measure could create an issue among credit unions which do not contribute to the prepayment but who nonetheless benefit from it.

Agency officials said that future assessments would be lowered for all if CUs prepaid the corporate stabilization assessments to a sufficient level. 

Officials told reporters on a press call Friday that the agency would not "publish a list" of CUs that has prepaid their assessment.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.