Federally insured credit unions should expect their assessments to total 90.4 basis points through 2021, the vast majority to repay the Treasury Department's loan to rescue the corporate credit unions, according to a report by CUNA.
The trade association projects that credit unions will be assessed 10 basis points during that period to shore up the NCUSIF, including 5 basis points for 2011 and the same amount for 2012. However, the agency is likely to levy assessments totaling 80.4 basis points–including 9.2 bp for 2011 and 8.8 basis points for 2012–to pay off the Temporary Corporate Credit Union Stabilization Fund.
Earlier this month, the NCUA projected that next year's NCUSIF premium would range from 0 to 10 bp for the NCUSIF and 20-25 bp for the Corporate Stabilization Fund.
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