Press

NAFCU statement on NCUA Board Report on temporary corporate credit union stabilization fund

WASHINGTON D.C. (May 21, 2015) — National Association of Federal Credit Unions (NAFCU) Director of Regulatory Affairs Alicia Nealon issued the following statement regarding today’s National Credit Union Administration (NCUA) Board meeting, during which the board reviewed staff’s quarterly report on the Temporary Corporate Credit Union Stabilization Fund (TCCUSF).

At the meeting, NCUA Chairman Debbie Matz stated if current projections prevail over the stabilization fund’s final six years, credit unions should not have to pay any additional assessments.

“We are pleased that the stabilization fund continues to perform well and that NCUA continues to expect to make no future stabilization assessments on credit unions,” said Nealon.

The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.

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