NCUA Projects 2013 TCCUSF Assessment, NCUSIF Premium
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.
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Newly Approved 2013 NCUA Budget Represents 6.1-Percent Increase from 2012
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.
Equity Ratio, Net Worth Changes Passed by NCUA
Changes in NCUSIF definitions of equity ratio and credit union net worth were unanimously approved by the NCUA board on Sept. 22.
Northwest Credit Union Association Urges NCUA to Withdraw CUSO Proposal
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 unions’ NCUSIF coverage at risk.