The NCUA announced at its Nov. 15 board meeting that the TCCUSF assessment for 2013 will likely be between 8 and 11 basis points, while the NCUSIF premium may not be assessed next year at all.
The NCUA board of directors this morning approved a budget for 2013 that includes a 6.1-percent increase over 2012, much of which would fund NCUA employee pay and benefits. NCUA Chairman Debbie Matz also said no NCUSIF premium was likely to be needed next year.
Changes in NCUSIF definitions of equity ratio and credit union net worth were unanimously approved by the NCUA board on Sept. 22.
The NWCUA called on the NCUA to withdraw its recently-proposed rule, which would grant the NCUA unprecedented access to CUSOs, stating that the proposal would give the NCUA powers beyond congressional intent and would unfairly put credit unionsâ€™ NCUSIF coverage at risk.