NAFCU Statement On NCUA Voluntary Prepayment Program

Posted: 2011-08-02 00:00:00

WASHINGTON – NAFCU President Fred Becker issued the following statement regarding NCUA’s decision not to move forward with a program to allow federally-insured credit unions to prepay their corporate stabilization assessments. 

“From the beginning of the corporate crisis, NAFCU has worked diligently to push the NCUA to leave no stone unturned to find the least-cost solution to resolving the corporate credit union system.  Since, however, it now appears that the NCUA will abandon the program, we believe NCUA must return to the drawing board to minimize the cost to the industry.  To this end, we will continue to advocate tirelessly so that credit unions pay the least amount possible.”

NAFCU is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.