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Corporate Assessments Probably Over: NCUA

JPMorgan Chase settlement eliminated future assessments, but NCUA won't reveal how much it paid in lawyer's fees.

By Heather Anderson | Updated on February 12, 2014

Federally insured credit unions could potentially receive a rebate on corporate assessments, according to a Wednesday release from the NCUA. However, the final tally won’t come until 2021, the regulator cautioned.

The net remaining stabilization fund projected assessment range now runs from negative $1.9 billion to negative $400 million, compared to the negative $200 million to $1.6 billion projection from the second quarter of 2013, the NCUA said. As long as both ends of the range remain negative, there will likely be no need for future assessments, the agency added.

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