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NCUA considers splitting share insurance, corporate fees

Mindful of the effect that assessments have on credit union balance sheets, National Credit Union Administration (NCUA) Chairman Debbie Matz said that the NCUA would soon consider splitting the fees used to maintain its share insurance and corporate stabilization funds.

 

The NCUA will also consider separating the timing of credit union payments for the National Credit Union Share Insurance Fund (NCUSIF) and the Temporary Corporate Credit Union Stabilization Fund.

 

Although separating funds in either case would not change the total amount due from federally insured credit unions, Matz believes that separating the assessments would help improve both the transparency of NCUA's assessment process and the accuracy of credit unions' budget estimates.

To learn more about this issue, read NCUA's media advisory.

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