ALEXANDRIA, Va. — Federally insured credit unions will be charged 9.5 basis points for their contribution to the Temporary Corporate Credit Union Stabilization Fund, the NCUA Board said Tuesday.
The total 2012 assessment will be $790.53 million, the board decided in its monthly meeting at its headquarters in Alexandria, Va.
The money will be used to fund repayment of corporate credit union liabilities – their legacy assets – and this assessment brings to $4.08 billion the amount of corporate system resolution funds paid by credit unions since 2009, the board said.
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