Former Plaza Bank CEO joins Harborstone as SVP; Port of Seattle Federal completes merger with Sound.
Careful management and improving economy have driven assessment projections into the negative, says Matz.
The NCUA estimates that the 2013 NCUSIF premium will be between 0-5 basis points, and the stabilization fund assessment will remain between 8-11 basis points, showing “the improving strength of the credit union system.”
At its open board meeting this morning, the NCUA announced that federally insured credit unions will owe 9.5 basis points to fund the 2012 Temporary Corporate Credit Union Stabilization Fund.
On the heels of a data interpretation indicating credit unions could be paying 10 basis points on $5.3 billion corporate stabilization for up to six years, new estimates have reduced the term by one year and lowered the rate by nearly $1 billion.
Brown & Brown, the independent insurance and benefits firm, presents 10 stress relievers.
The term payout ratio was originally applied in the stock market as a measure of return to investors (dividend payout ratio). Credit unions can benefit from from this concept by using these ratios to measure the percent of interest income that is paid to members in the form of interest on deposits.