WASHINGTON — What's good for credit unions and their members in the short term could necessitate paying a premium in the future.
Deposits on all accounts are insured up to $250,000 through the end of 2009, without any increase in contributions from credit unions. But the sluggish economy has caused more credit unions to close this year than last year, and the fund could be liable for more money since federally insured dollar figures have increased.
When Congress approved the temporary coverage hike, it also approved an increased line of credit for the NCUSIF with the Treasury Department.
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