The National Credit Union Administration (NCUA) has posted online its July 11 webinar on the Voluntary Prepayment of Corporate Stabilization Fund Assessments program online. During the webinar, NCUA Board Chairman Matz and senior NCUA staff briefed more than 2,000 participants from the credit union industry and public.
Adopted by the Board June 29, the Voluntary Prepayment of Corporate Stabilization Fund Assessments initiative will permit voluntary prepayments of $500 million in Corporate Stabilization Fund assessments. The plan responds to credit union stakeholder requests to explore a mechanism that would allow prepaid assessments for the Temporary Corporate Credit Union Stabilization Fund. Credit unions have until July 29 to determine whether to participate in the voluntary initiative.
For more information about key program dates, frequently asked questions and general program design, a resource page about the Voluntary Prepayment of Corporate Stabilization Fund Assessments program is available at http://go.usa.gov/BUJ.
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