WASHINGTON -- Credit union regulators voted Thursday not to assess premiums for deposit insurance in the fiscal year that started July 1.
The board of the National Credit Union Administration decided an assessment was not necessary because investment income from the industry's insurance fund would exceed anticipated costs.
The regulatory agency has imposed insurance premiums only once. in fiscal 1992, to rebuild the fund after record losses caused its reserves to slip below 1.25% of insured deposits, the minimum required.
