NCUA board approves 0.134 percent levy on federally insured credit unions’ shares. New assessment is expected to generate approximately $1 billion between now and September. The funds will be used to repay the NCUA’s $1.5 billion debt to the Treasury. Some credit unions may have to recapitalize their corporate credit union, switch to another credit union or seek services from a non-credit union. The NCUA says delaying the assessment would have resulted in long-term consequences.”]
Source: https://www.cuinfosecurity.com/ncua-levies-new-assessment-a-2681