The next edition of CUNA Economic Update, sponsored by CUNA CFO Council, is now available. Hosted by CUNA Chief Policy Officer Bill Hampel, the video provides a summary of CUNA’s latest white paper, which offers an update on the NCUA Corporate Stabilization Program, the NCUA’s initiative to keep corporate credit unions solvent in the wake of the 2008 financial crisis.
“Since the stabilization program was launched, credit unions have made substantial contributions through assessments; the good news is that they’re about to get some of it back,” said Hampel. “In this update, we explain how the stabilization fund ended up with a surplus and how and when that surplus will be returned to the credit unions that have supported their fellow cooperative institutions.”
The CUNA Economic Update is free for all CUNA member credit unions. To view the update, please visit cuna.org/economicupdate.