If current trends hold, the NCUA isn't likely to have to levy a premium to shore up the NCUSIF this year, and if there is sufficient participation in the prepayment plan, assessments to repay the corporate credit union rescue could be reduced.
Those were the key messages from NCUA officials during Thursday's webcast on the proposal to allow credit unions to prepay some of their assessments.
"Knock on wood, based on our current models we won't have to have an assessment for the NCUSIF," said Director of Examination and Insurance Melinda Love.
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