ALEXANDRIA, Va. (July 21, 2011) – The National Credit Union Administration (NCUA) today posted online its July 11 webinar on the Voluntary Prepayment of Corporate Stabilization Fund Assessments program. 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 here
The webinar is now publicly available on NCUA’s website here
For technical questions related to accessing the webinar, contact Fred Haines, 703-518-6440. For subject matter questions, email email@example.com
or call (703) 518-6337.
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 United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.