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The NCUA should avoid charging federally-insured credit unions a premium to restore the agency’s equity ratio, but the agency could take other steps if a “restoration” is needed, NAFCU Vice President of Research and Chief Economist Curt Long said Tuesday.

“In lieu of imposing a premium, NAFCU supports the NCUA adopting or supporting relief measures to provide credit unions with more options to manage the large influx of deposits, including additional temporary investment authorities,” he wrote in a letter to the agency board.

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David Baumann


Credit Union Times

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