NCUA To Allow Voluntary Corporate Bailout Payments

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ALEXANDRIA, Va. – NCUA has scheduled a special meeting for next Wednesday when its Board is expected to approve a voluntary corporate bailout assessment program.

The program will allow credit unions to make voluntary payments to NCUA in advance of annual corporate assessments, which are expected to amount to the billions over the next few years. 

Dozens of credit unions have pledged during a brief 30-day comment period to participate in the program.

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Corporate credit unions