Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Impact Of Future NCUA Premium/Assessment

Thursday, November 18, 2010 - 8:12 PM
At today's NCUA board meeting, a review was done of the impact of the 2011 insurance fund premium and the corporate stabilization fund assessment to credit union's financials. The combined cost is estimated to be between 20 to 35 basis points. That could cause up to 1,200 credit unions into negative net income.

As a comparison, credit unions had to pay a combined assessment/premium of 25.82 basis points in 2010.
2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
Reply