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State Leagues Join in 'Anger' Over NCUA Assessment

AUSTIN, Texas -- Led by CUNA, credit unions and their leagues fired up a vigorous public and insider campaign voicing loud opposition to NCUA's corporate rescue plan that would impose painful assessments on CUs via NCUSIF.

By Jim Rubenstein | Updated on February 01, 2009

AUSTIN, Texas — Led by CUNA, credit unions and their leagues fired up a vigorous public and insider campaign voicing loud opposition to NCUA’s corporate rescue plan that would impose painful assessments on CUs via NCUSIF.

Taking note of industry “shock and anger” over the stabilization plan, the president/CEO of the Texas Credit Union League, Richard Ensweiler, said that following a member survey his trade group remains “highly concerned” about the proposal and is acting swiftly to assess the impact. The TCUL board was slated to meet today “to discuss” the NCUA program.

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