MADISON, Wis. – Hosted by CUNA Chief Policy Officer Bill Hampel, the latest edition of CUNA Economic Update provides a summary of CUNA’s latest white paper, which offers an update on the NCUA Corporate Stabilization Program, an initiative to keep corporate credit unions solvent in the wake of the 2008 financial crisis.
“Since the stabilization program was launched, credit unions have made substantial contributions through assessments. The good news is that they’re about to get some of it back,” said Hampel. “In this update, we explain how the stabilization fund ended up with a surplus and how and when that surplus will be returned to the credit unions that have supported their fellow cooperative institutions.”
in Economic News