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.
That's what NCUA said.
ReplyDeleteWhat do you believe?
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.
DeleteNo more assessments highly unlikely?
DeleteSo 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.