Saying it only received $369.9 million in pledges, the NCUA announced last week that it will not go forward with the program allowing credit unions to prepay some of their assessments on the cost of rescuing corporate credit unions.

The NCUA said it had received pledges from 799 credit unions. It declined to state which credit unions made pledges and how much each had pledged. Under the program's rules, the agency had to have received $500 million in pledges. 

As a result of the program not having sufficient support, credit unions will have to pay a higher assessment this year to pay off part of the loan that the NCUA received from the Treasury Department to rescue the corporates.