Concern Expressed Over Costs To CUs

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WASHINGTON-In its analysis of NCUA's new rules for corporates, CUNA said it is most concerned with the costs of dealing with so-called "legacy assets" and the resulting impact on credit unions, according to Mary Dunn, head of regulatory compliance. "There is a lot of concern that in 2011 and 2012 there is potential for somewhat higher assessments for the stabilization fund. It is an issue we will be monitoring," she said.

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