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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.
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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
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