Wednesday, February 11, 2015

NCUA Asks Congress for Authority to Charge Risk-Based NCUSIF Premiums

In footnote 29 of Larry Fazio's testimony, the National Credit Union Administration stated that a legislative "priority would permit NCUA to charge risk-based premiums for the Share Insurance Fund much like the Federal Deposit Insurance Corporation charges for the Deposit Insurance Fund. Risk-based premiums would lessen the funding burden on small credit unions, which generally pose less risk to the Share Insurance Fund."

In a July 24, 2009 blog post, I made the case for moving from the current flat rate insurance premium system to one based upon risk.


  1. Would this be in addition to the one percent that they already require the CUs to deposit? NCUA has argued/touted in the past that the one percent deposit structure is superior to the FDIC's risk-based structure as it allow credit unions to avoid insurance premiums.

  2. Looks like Larry mite be getting sum of his ideaz from Keith. Hope you keep your blog up post-retirement or larry mite run out of ideaz. That wood be a complete tragedy for the credit union community.



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