Search
 

VolCorp Votes to Pre-Pay NCUA’s Voluntary Assessment

Volunteer Corporate Credit Union today announced its board of directors had unanimously voted to participate in NCUA’s Voluntary Prepayment of Corporate Stabilization Fund Assessments Program.

By Robert McGarvey | Updated on August 01, 2011

Volunteer Corporate Credit Union today announced its board of directors had unanimously voted to participate in NCUA’s Voluntary Prepayment of Corporate Stabilization Fund Assessments Program. Nashville, Tenn.-based VolCorp indicated it would pre-pay the maximum permitted under NCUA’s formula, which amounts to $221,392 in its case.

VolCorp CEO Rick Veach commented in a statement: “Voting unanimously, the VolCorp board of directors, elected to pay the maximum contribution to the corporate stabilization fund allowed under NCUA’s funding formula. This is one tangible way we can not only reduce our members’ expense, but also help with the financial burden of the corporate stabilization fund for all credit unions.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.