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CUNA holds audio conference on Temporary Corporate Credit Union Stabilization Fund

The National Credit Union Administration (NCUA) proposed the voluntary prepayment plan at its May open board meeting and is accepting public comment through June 20. The NCUA prepayment program could help reduce credit unions' assessment for 2011 substantially, depending on credit unions' participation, and it would help even out assessments for subsequent years, CUNA has noted.

CUNA offered the audio conference to credit union officials who continue to have questions about the proposal, to help address those questions and facilitate credit unions' understanding of the proposal. CUNA President/CEO Bill Cheney, NCUA Deputy Director Larry Fazio, CUNA Chief Economist Bill Hampel and CUNA Deputy General Counsel Mary Dunn were speakers on the call.

The call lasted about an hour, 45 minutes of which were reserved for questions.

For those who could not participate in the live event, use the resource link below to register for an archived version of the audio conference.

http://cuna.org/training-education/event/TA61311

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