As expected, the NCUA Board on Monday approved an assessment of 0.25% of insured shares to help pay principal and interest on bonds issued by corporate credit unions.

The total assessment for the Temporary Corporate Credit Union Stabilization Fund will be $1.96 billion, the agency said.

Agency staff said the primary payments the Stabilization Fund needs to make this year include $2 billion on notes that come due in October.

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Regulatory & Compliance