NAFCU Statement On NCUA’s NCUSIF Report

WASHINGTON, DC – National Association of Federal Credit Unions (NAFCU) President and CEO Fred R. Becker Jr. issued the following statement regarding the National Credit Union Administration’s (NCUA) quarterly report on the National Credit Union Share Insurance Fund (NCUSIF) and the Temporary Corporate Credit Union Stabilization Fund (TCCUSF).

“NAFCU appreciates the agency’s efforts in management of the NCUSIF. We are pleased that NCUA did not assess a share insurance premium last year, and we hope that none will be needed in 2013.

“In terms of the TCCUSF, we continue to strongly urge NCUA to carefully review its loss projections, and lower reserve projections accordingly, to decrease this year’s corporate stabilization premium assessments lower than the agency’s previous estimates as its established criteria would indicate.”

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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.

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