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Washington
Todays audio call to discuss possible improvements to corporate prepayment plan
WASHINGTON (6/13/11)—During today’s free 45-minute audio conference on issues surrounding a proposal to allow credit unions to prepay some of their total assessments to the Temporary Corporate Credit Union Stabilization Fund, Credit Union National Association (CUNA) Deputy General Counsel Mary Dunn will lead a discussion that likely will address possible improvements to the plan. Credit unions can still register for the CUNA 2 p.m. (CT) session that will feature Dunn as moderator and speakers including s on the call will be CUNA President/CEO Bill Cheney, National Credit Union Administration (NCUA) Deputy Director Larry Fazio, and CUNA Chief Economist Bill Hampel. The NCUA proposed the voluntary prepayment plan at its May open board meeting and is accepting public comment through June 20. The NCUA prepayment program could help reduce credit unions' assessment for 2011 substantially, depending on credit unions' participation, and it would help even out assessments for subsequent years, CUNA has noted. CUNA is offering the audio conference to credit union officials who continue to have questions about the proposal, to help address those questions and facilitate credit unions' understanding of the proposal. Much of the 45-minute call will be reserved for questions. Use the resource link to register. For those who cannot participate in the live event, use the second resource link to register for an archived version to be available within 48 hours of the live event.


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