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Home » News of the Competition

News of the Competition

October 23, 2015

WASHINGTON (10/23/15)--Under a new plan to restructure the Federal Deposit Insurance Corp.’s (FDIC) reserves, roughly two-thirds of big banks will soon be required to pay more in assessments, according to the FDIC (American Banker Oct. 22). The agency forecasts that its Deposit Insurance Fund will climb to 1.15% of all insured deposits by early 2016. Once the FDIC reaches that mark, the largest banks will be asked to pay a 4.5 basis-point surcharge for two years to help push the fund to a reserves-to-insured-deposits ratio of 1.35%. As a result, the banks will pay more in assessments than their current levels. The FDIC approved the proposal Thursday. “This proposal takes a balanced approach,” said FDIC Chair Martin Gruenberg (American Banker). “The assessment surcharges on large institutions would be spread out over time and should be fully manageable for the institutions” …

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
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Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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