National Credit Union Administration Treasury repayment good sign of improving corporate stabilization fund condition
WASHINGTON, DC (October 18, 2016) — Following NCUA’s announcement the agency plans to repay the Treasury in full in October, CUNA released a statement:
“This is another good sign about the improving condition of the corporate stabilization fund,” said Bill Hampel, CUNA’s chief policy officer. “It restores NCUA’s full Treasury borrowing capability for future use, and it’s a further indication that credit unions can look forward to partial refunds of assessments and some restoration of depleted capital in the conserved corporates. CUNA looks forward to the agency providing appropriate credit union involvement as to the distribution of the growing surplus in the fund.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
