There is debate as to whether a National Credit Union Share Insurance Fund premium must be implemented in 2017 to restore the fund’s equity ratio to the normal operating level of 1.3 percent.
The National Credit Union Administration believes a premium of three to six basis points is necessary, although National Association of Federal Credit Unions President Dan Berger asserts that such a premium would hurt the bottom-line for credit unions.
Read on to find out what both sides have to say.