The NCUA Board The NCUA Board (Source: NCUA)

Credit unions had better be prepared to pay a premium sometime in the future since the coronavirus crisis is likely to continue to wreak havoc on the NCUA’s Share Insurance Fund equity ratio, NCUA Board Member Todd Harper said Thursday.

“It is not a question of whether we will charge a premium, but a question of when,” Harper said at the board’s November meeting. He later added, “Credit unions need to brace themselves for that eventual reality.”

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David Baumann

 

Credit Union Times

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