NCUA said Thursday that its corporate resolution program and NCUA Guaranteed Notes program are improving and that updated information on their costs is available online.
“Six years, ago, projections of possible Stabilization Fund assessments to credit unions ran as high as $9.2 billion,” said NCUA Chairman Debbie Matz. “However, prudent management of the Stabilization Fund, an improving economy and an effective legal strategy have produced a much better long-term outcome for federally insured credit unions. At present, we do not see a need for further assessments, and we will continue our sound management policies and litigation strategy.”
Discussion