NCUA Clarifies Plan for Voluntary Prepaid Assessments

In a teleconference last week, the NCUA made two key clarifications about its voluntary Corporate Stabilization prepayment program, which is currently out for comment.

NCUA Seeks Input on Plan for Voluntary Prepaid Assessments

According to the NCUA’s analysis, the Federal Credit Union Act does not allow the agency to charge a mandatory prepaid assessment to all credit unions. However, the agency has developed a plan to allow credit unions to voluntarily prepay some of their stabilization fund assessments.