ALEXANDRIA, Va. — There will not be a corporate assessment in2014.
|The NCUA Board on Thursday released an estimated range of zerofor the corporate stabilization annual charge, assessed on allfederally insured credit unions.
Also at NCUA on Thursday:
CUSO Rule Gets Nod
Budget Hiked 6.7%
The figure is the direct result of a $1.417 billion settlementreached earlier this week with JPMorgan Chase.
|“The timing of the settlement couldn't be better,” NCUA ChairmanDebbie Matz said.
|Matz also said the settlement funds will be applied toward thecorporate stabilization fund's outstanding $3.9 billion balancewith the U.S. Treasury.
|The NCUA also projected a 0 to 5 basis point range for the 2014NCUSIF premium.
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