As expected, the NCUA Board on Monday approved an assessment of0.25% of insured shares to help pay principal and interest on bondsissued by corporate credit unions.
|The total assessment for the Temporary Corporate Credit UnionStabilization Fund will be $1.96 billion, the agency said.
|Agency staff said the primary payments the Stabilization Fundneeds to make this year include $2 billion on notes that come duein October.
|An offer by the NCUA to provide credit unions the opportunity toprepay the assessments fell short in recent weeks.
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