2011 TCCUSF Assessment Due 9/27 Posted by AVCU on 3:53 PM

On August 29, 2011 the NCUA Board authorized the billing and collection of a premium
assessment for the Temporary Corporate Credit Union Stabilization Fund (“TCCUSF”).  The
assessment represents 0.25 percent of June 30, 2011, insured shares and will be used to pay
corporate credit union stabilization fund liabilities.  The invoice also includes the normal NCUSIF
semiannual 1% capitalization deposit adjustment for credit unions with $50 million or more in
assets based on the June 30, 2011 call report data.  The invoices have been mailed.  Payment
is due on 9/27. For those credit unions signed up for electronic payment (Pay.Gov) the payment will be automatically collected on 9/27. If the credit union is not set-up for Pay.Gov, the invoice must be paid by check, made payable to NCUA and mailed to the following address:

     NATIONAL CREDIT UNION ADMINISTRATION
     Payment Processing
     P.O. BOX 979069
     St. Louis, MO 63197-9000

Overcapitalized credit unions will receive their refund through ACH deposit on 9/23.  Credit unions should contact their accounting practitioner with questions related to accounting entries. 
Credit unions that need assistance may direct questions via email to ncusif@ncua.gov.  Please
include credit union name, charter number and information request in the email.