ALEXANDRIA, Va. -- The NCUA Board this morning approved a 9.5 basis point assessment for the corporate credit union resolution, a total of $790.5 million.
The Board also said the build-up of reserves in the National CU Share Insurance Fund means there will be no premium charged for 2012, the second straight year of no premiums.
NCUA said after the mid-year adjustment of credit unions' 1% NCUSIF deposit the equity ratio for the NCUSIF will be 1.30 (dollars reserved per $100 of insured deposits), well above the agency's preferred level of 1.25%.
This year's corporate assessment must be accrued by federally insured credit unions for the third quarter.
Invoices for the corporate assessments will be mailed in the third quarter and due at NCUA by Oct. 9.
This year's assessment makes a total of $4.1 billion charged by NCUA over the past four years to pay for the corporate resolution.
