NCUA Cites Improvement in Corporate Resolution Cost and Guaranteed Notes Data

Updated information from NCUA shows the current estimated costs of the Corporate Resolution Program range from a negative $2.5 billion to a negative $700 million, meaning it’s very unlikely that credit unions will see any further assessments.  NCUA cites an improving economy and its diligence in recovering losses from faulty securities as major factors in the strong performance. The Stabilization Fund is scheduled to expire in six years. [3/18/16]