The NCUA this week reaffirmed its position that it cannot now provide credit unions with rebates from the Temporary Corporate Credit Union Stabilization Fund.
The board received a staff briefing on the fund at its December meeting.
"We can't rebate funds at this time," Larry Fazio, the agency's director of examination and insurance told the board, adding that staff estimates could be updated in the future depending on market performance and other factors.
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