NCUA officials are scheduled to explain the reasoning behindtheir assessment estimates for next year and the NCUA Board isslated to vote on the agency's budget for next year at the board'smeeting next Thursday.
|NCUA Chairman Debbie Matz announced Wednesday that the agency is projecting that nextyear's assessment for the rescue of corporate credit unions will bebetween 8 and 11 basis points. The assessment for the NCUSIF willbe between zero and 7 basis points but the agency hopes that therewon't have to be one, Matz said.
|Matz said the expected budget increase will be in the “singledigits.”
|The board is also slated to discuss an application byIndianapolis-based Finance Center FCU to change its community charter. The creditunion has assets of $390 million.
|In addition, NCUA CFO Mary Ann Woodson is scheduled to give areport on the health of the NCUSIF and the Temporary CorporateCredit Union Stabilization Fund.
|The meeting is scheduled to take place at 9 a.m. Thursday at theagency's headquarters in Alexandria, Va.
|The full agenda isonline.
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