NCUA: No future corporate stabilization assessments expected

NCUA staff said all the numbers for the Temporary Corporate Credit Union Stabilization Fund indicate credit unions will unlikely be hit with anymore corporate stabilization assessments going forward – a result NAFCU has long pushed for.

Larry Fazio, director of examination and insurance, said it’s too early to talk about any refunds to credit unions since the fund remains in place until June 2021. But again, all numbers point to note more assessments on credit unions for stabilization of the corporate system.

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