2012 Corporate Stabilization Fund Assessment Letter to Credit Unions

Dear Board of Directors and Chief Executive Officer:

At an open meeting on July 24, 2012, the NCUA Board approved an assessment for the Temporary Corporate Credit Union Stabilization Fund of 0.095 percent (9.5 basis points) of your credit union’s insured shares as of June 30, 2012.

This assessment is right in the middle of the estimated range of 8-11 basis points announced at the NCUA Board’s open meeting in November 2011. It represents a significant improvement from last year’s assessment of 25 basis points.

Each credit union will receive an invoice in September for the 2012 assessment, which will be due on October 9, 2012.

The rest of this letter provides answers to key questions about this assessment.

Why is the assessment set at 9.5 basis points?..... Read More Pages - 2012 Corporate Stabilization Fund Assessment

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