Items Tagged with 'stabilization'

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Average net income for credit unions in 2012 will be about 90 basis points of average assets.

CU executives hope NCUA Corporate Stabilization Fund assessments will help keep the CU movement healthy in the long term.

Since the global financial crisis and worldwide recession, CUs everywhere face similar issues.

CUs must commit to $500 million in prepayments by August 9 for the program to move forward.

If all eligible CUs participate to the maximum extent permitted, the 2011 assessment to all CUs could be around 10 bp instead of 25 bp.

NCUA assessments are expected to total 90 bp of insured shares by 2021 vs. 144 bp for banks, a CUNA white paper reports.

There's a good chance the ultimate remaining cost will be closer to $5 billion than $8 billion, although this won’t be known until late in the remaining 11-year life of the stabilization program.

The premium, assessed later this year, likely will be 6 bp to 10 bp.