News Feed

Corporate Stabilization Fund Assessment headlines busy NCUA Board Meeting

Sun, Jul 21, 2013

Washington, District Of Columbia

The NCUA Board of Directors will hold its next meeting on Thursday, July 25, at 10:00 am at the Agency’s headquarters in Alexandria, Virginia.  The biggest issue that the Board will deal with at the meeting is the announcement of this year’s assessments to fund the Temporary Corporate Credit Union Stabilization Fund.  In addition to the announcement of the assessment, the Board will also be releasing two proposed rules, be briefed on an interagency proposal regarding joint diversity standards, be briefed on the health of the share insurance fund, entertain a request for a charter expansion from San Francisco FCU, and be reprogramming the Agency’s 2013 Operating Budget.

The NCUA has previously announced that assessments are likely to fall within the range of 8 to 11 basis points, and, while the Agency continues to revise the amount yet to be paid to cover the costs of the Corporate Stabilization Fund, it is expected that the Agency will announce an assessment within the 8 to 11 basis points range.

MDDCCUA will be closely monitoring Thursday’s NCUA Board Meeting and will release a summary of the actions taken by the Board.  In the meantime, should you have any questions regarding the upcoming meeting or any other regulatory issues, please contact Ricardo Pineres (rpineres@mddccua.org).