WASHINGTON (11/22/13)--In the latest edition of Inside Exchange, Credit Union National Association Chief Economist Bill Hampel discusses with Paul Gentile, CUNA's executive vice president of communications, the impact of the National Credit Union Administration's decision to hold the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment range at zero for 2014.
"The assessments are behind us," Hampel said. And what about a rebate? While he advised credit unions "don't count on it too soon," a rebate should be recognized when the TCCUSF expires around the end of the decade.
The assessment range was announced at Thursday's open board meeting. (See News Now story: No TCCUSF Assessment In 2014.)