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NCUA Assesses 13-Bp Charge To Repay Corporate CU Coverage

Friday, June 18, 2010 - 6:19 PM
From CUNA News Now:
Credit unions will soon be charged an assessment of 0.134% of insured shares as the National Credit Union Administration (NCUA) collects a portion of the funds necessary to pay for the costs of the corporate stabilization.

I'm afraid this may be another drag on credit union deposit rates.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634