New CUNA Economic Update focuses on NCUA Corporate Stabilization Fund
WASHINGTON, DC (March 8, 2017) — The next edition of CUNA Economic Update, sponsored by CUNA CFO Council, is now available. Hosted by CUNA Chief Policy Officer Bill Hampel, the video provides a summary of CUNA’s latest white paper, which offers an update on the NCUA Corporate Stabilization Program, the NCUA’s initiative to keep corporate credit unions solvent in the wake of the 2008 financial crisis.
“Since the stabilization program was launched, credit unions have made substantial contributions through assessments; the good news is that they’re about to get some of it back,” said Hampel. “In this update, we explain how the stabilization fund ended up with a surplus and how and when that surplus will be returned to the credit unions that have supported their fellow cooperative institutions.”
The CUNA Economic Update is free for all CUNA member credit unions. To view the update, please visit cuna.org/economicupdate.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.