NCUA Board Member Michael Fryzel told Credit UnionTimes that credit unions should not anticipate receiving anyrebates from the stabilization fund.

“From day one, I've always said that credit unions should notlook forward to receiving any money back. Now as time goes on,again this is a point of time that we look at these numbers and wesay, 'okay, things are going well, and conceivably there may nothave to be any more assessments,'” he said on Thursday after theNCUA's monthly board meeting.

“All this would then be paid off and maybe, maybe – sometimes along way into the future – there may be some money that's still inthe fund that we don't have to use any more, and it will go back tocredit unions. I don't think they should anticipate ever receivinganything back,” he added.

In his video interview, Fryzel also gave a sneak peek into hisspeech at CUNA's Governmental Affairs Conference next week, whichcould mark his last major conference appearance as an NCUA boardmember. Fryzel's term expired in August 2013, and nominee MarkMcWatters' confirmation hearing is currently being scheduled by theSenate Banking Committee.

“We're going to talk about challenges that credit unions arefacing and how they should meet them and relate those to thechallenges that our forefathers met when they came to this countryand how they dealt with them,” he said.