ALEXANDRIA, Va. – NCUA on Wednesday said it expects next year’s corporate credit union assessment to be much less than this year’s 25 basis points, $2 billion charge.
NCUA Chairman Debbie Matz said in an agency webinar NCUA is projecting next year’s assessment to be between 8 bps and 11 bps.
Matz made it official and said there will no premium assessed this year for the National CU Share Insurance Fund for the first time in three years. Next year is trickier, she said, and the agency is projecting anywhere up to 7 bps.
Matz also said this year’s spending increase will be less than that of the last two years, which saw double-digit budget increases totaling $45 million. She said she expects this year’s spending increase to be in the “single digits.”
