"Today’s action by the NCUA Board is precisely what was needed to inaugurate the use of the Temporary Corporate Credit Union Stabilization Fund. We commend them for their action. Rather than taking a significant hit to earnings and capital this year based on estimates of future losses, credit unions will now be able to pay for those losses on a timetable much more closely aligned to when and if they actually occur. We are especially encouraged by their action to announce that the NCUSIF premium expense this year is likely to be around 0.15 percent of insured shares. CUNA had requested that NCUA give some indication now of what this year's premium would likely be to help credit unions plan for the rest of this year."