Press

NCUA Board: No NCUSIF Premium for 2014

WASHINGTON (October 23, 2014) — National Association of Federal Credit Unions (NAFCU) Director of Regulatory Affairs Mike Coleman issued the following statement in response to today’s National Credit Union Administration’s (NCUA) quarterly report on the National Credit Union Share Insurance Fund (NCUSIF).

“We appreciate the agency’s efforts in management of the NCUSIF. We are pleased to see that it continues to be well-funded and that the agency does not plan to assess a share insurance premium for 2014,” said Coleman. “In the meantime, we continue to urge NCUA to exercise greater transparency by fully disclosing the amounts disbursed and allocated for each fund it administers.”

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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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