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NCUA to Hold Webinar on Voluntary Prepaid Assessments Program

ALEXANDRIA, Va. (May 20, 2011)Credit union industry representatives and all public stakeholders are invited to participate in a free webinar about a proposed voluntary prepaid Corporate Stabilization Fund assessments program at 4 p.m. EDT May 26.
 
The National Credit Union Administration (NCUA) unveiled a voluntary prepaid assessments proposal May 19. The proposal responds to stakeholder requests to explore a program of prepaid, or advanced, assessments for the Temporary Corporate Credit Union Stabilization Fund similar to a program adopted by the FDIC in 2009. The voluntary prepaid assessments proposal seeks to improve the liquidity of the Stabilization Fund and would permit interested parties to use excess funds to aid in managing corporate resolution cash flow needs over the next two years.
 
A program outline about this proposal is available at online here. The NCUA Board has invited public feedback to measure interest and ensure the effective operation of the voluntary prepaid assessments program.
 
Individuals may register for the webinar at http://tinyurl.com/NCUAwebinar.
 
Individuals already registered for the webinar immediately preceding, “Current Allowance for Loan and Lease Losses Exam Issues and Practical Ways to Factor Q&E Adjustments into the Methodology,” need not re-register. Just stay online at 4 p.m. and do not close your browser. Those only interested in the voluntary prepaid assessments proposal should log in at 4 p.m.
 
On the day of the webinar, use the same URL to login as you did to register.
 
This webinar will be archived on the NCUA website approximately two weeks after the event for those who cannot attend live. 


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

--NCUA--

National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"