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Corporate Assessment Fund Levy Will Drop 335 CUs Into the Red

The 2012 Temporary Corporate Credit Union Stabilization Fund assessment of 9.5 basis points of insured shares will reduce annualized return on average assets for federally insured credit unions an estimated 8 basis points industry wide, to 0.81%, the NCUA said during its monthly board meeting July 24.

By Heather Anderson | Updated on July 30, 2012

The 2012 Temporary Corporate Credit Union Stabilization Fund assessment of 9.5 basis points of insured shares will reduce annualized  return on average assets for federally insured credit unions an estimated 8 basis points industry wide, to 0.81%, the NCUA said during its monthly board meeting July 24.

Credit unions with less than $10 million in assets will be affected the most, with aggregate ROA falling from 0.07% to negative 0.01%. Credit unions with $10 million to $100 million in assets will fall to 0.36% ROA, and the $100 million and up peer group will see their annualized ROA fall to 0.88%.

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