Credit unions should set aside between 8 and 11 basis points for next year's assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.
During a Nov. 9 webcast, she also announced that the assessment for the NCUSIF will be between 0 and 7 basis points for the NCUSIF, but the agency hopes there won't have to be any.
This year, the assessment for the corporate rescue was 25 basis points, and there was no assessment for the NCUSIF.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
