NAFCU keeps watch on NCUA finances, potential assessments

NAFCU, in its ongoing focus on the NCUA’s use of monies received from credit unions, continues to strongly urge the NCUA to explore options to issue a rebate to credit unions their stabilization assessments sooner rather than later and that the agency refrain from charging a share insurance premium in 2017.

In December, NAFCU launched an “NCUA Money Watch” page to keep tabs on the NCUA’s budget and finances. NAFCU will provide ongoing updates there on the Temporary Corporate Credit Union Stabilization Fund and the National Credit Union Share Insurance Fund; the page also provides links to more comprehensive coverage of NAFCU’s advocacy efforts.

“In our discussions with the NCUA, NAFCU is continuing to advocate that credit unions have previous assessments and more returned to them as soon as possible but with a maximum benefit to our members,” said NAFCU President and CEO Dan Berger. “We are also monitoring the financials for the NCUSIF and pushing the NCUA to only charge a premium if legally necessary. We thank Board Chairman J. Mark McWatters and Board Member Rick Metsger for their continued leadership and vigilance on these issues.”


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