Tuesday, March 18, 2014

Projected TCCUSF Assessments Range From Minus $2 Billion to Minus $600 Million

Total projected assessments associated with the Temporary Corporate Credit Union Stabilization Fund declined $2.2 billion at the upper end between July and December 2013, the National Credit Union Administration announced today, the sharp drop due largely to the JPMorgan Chase settlement in November 2013.

The current projected range for total future remaining assessments is now between negative $2 billion and negative $600 million. At the end of the second quarter of 2013, the total range was negative $200 million to $1.6 billion. The overall rate of change in the assessment range is consistent with recent trends, and the continued improvement in the performance of the legacy assets underlying the NCUA Guaranteed Note program.

Read the press release.

3 comments:

  1. That's what NCUA said.
    What do you believe?

    ReplyDelete
    Replies
    1. I can't see us ever seeing any money back. Best case is we don't pay more, which I think is highly unlikely. If there are any funds left over at the end, NCUA will find a way to keep them. But in our best interests of course.

      Delete
    2. No more assessments highly unlikely?
      So more assessments likely.
      Agree.
      Does no one look at tccusf audit on ncua site?
      $20B in legacy assets remaining.
      No one can see all the assumptions ncua is making that produces a rebate. BUT even their own market value is -$6B.

      Delete

 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.