news.cuna.org/articles/111138-ncua-treasury-repayment-good-sign-of-improving-corporate-stabilization-fund-condition

NCUA Treasury Repayment Good Sign of Improving Corporate Stabilization Fund Condition

October 18, 2016

FOR IMMEDIATE RELEASE

Contact: Vicki Christner – CUNA Communication; 202-329-9950; vchristner@cuna.coop

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.”

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