assessment in 2014
ministration (NCUA) will not
charge a Temporary Corporate
(TCCUSF) assessment in 2014. The
National Credit Union Share Insur-
ance Fund assessment for 2014 will
be between zero and five basis points
(bp), the agency added.
urged the NCUA to set the range for
the TCCUSF assessment as narrow as
possible, starting with zero bp.
TCCUSF assessments since the fund
remaining assessments over the life
of the TCCUSF, based on estimates
from the second quarter of 2013,
now range from -$0.2 billion to $1.6
billion.
lion through a settlement with JP
Morgan. The settlement funds "will
greatly benefit credit unions" and
"will enable NCUA to greatly reduce
the assessments that all credit unions
have to pay," NCUA Chairman Debbie
Matz said.
of new, national communication vehi-
cles, including The Cheney Report
and Inside Exchange.
was the President/CEO of
the New Jersey Credit
Union League (NJCUL).
Under his leadership,
NJCUL spearheaded co-
operative advocacy ini-
tiatives such as the
statewide "Banking You
Can Trust" consumer
awareness campaign and
successful passage of
Public Deposit legislation
that enabled New Jer-
sey's credit unions to ac-
cept public funds for the
first time in their history.
NJCUL also developed a student loan
CUSO, a shared compliance program,
and an array of strategic communica-
tion tools. Before joining NJCUL,
Credit Union Times, the nation's larg-
est independent credit union trade
opportunity to work co-
operatively with the
credit unions in Massa-
chusetts, New Hamp-
shire, and Rhode Island.
The credit union system
is evolving and as
leagues we must con-
tinue to evolve to meet
their changing needs,"
said Gentile. "It is a
great honor to succeed
Dan and build on the
strong foundation he
helped create here. I
look forward to working
unteers on the boards and the tal-
ented staff to best serve our member
credit unions."