NCUA officials say the agency's proposed plan to accept voluntary prepayment of insurance assessments to help pay for the costs of the corporate stabilization plan came from industry executives.
Larry Fazio, the agency's deputy executive director, said in a conference call with reporters Friday that the NCUA had looked at putting place a mandatory prepayment plan akin to one put into place by the FDIC for banks, but had concluded that it lacked the authority.
Nonetheless, Fazio said that NCUA officials had been approached consistently by industry figures at public events that were looking for a prepayment opportunity.
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