FOR IMMEDIATE RELEASE
Contact: Vicki Christner – CUNA Communication; 202-329-9950; email@example.com
Washington, DC (October 18, 2016) – Following NCUA’s announcement the agency plans to repay the Treasury in full in October, CUNA released a statement:
“This is another good sign about the improving condition of the corporate stabilization fund,” said Bill Hampel, CUNA’s chief policy officer. “It restores NCUA’s full Treasury borrowing capability for future use, and it’s a further indication that credit unions can look forward to partial refunds of assessments and some restoration of depleted capital in the conserved corporates. CUNA looks forward to the agency providing appropriate credit union involvement as to the distribution of the growing surplus in the fund.”
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by more than 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNA on Twitter. For more information about credit unions, visit www.aSmarterChoice.org and follow @asmarterchoice on Twitter.