Impact Of NCUA's Levy On Credit Unions 

Fred Becker, CEO of the National Association of Federal Credit Unions, on what the levy means. The National Credit Union Administration (NCUA) announced that it expects by Sept. 30 to repay the $1.5 billion it owes the Department of the Treasury. To repay the funds, the NCUA's board approved an assessment of 0.134 percent on federally insured credit unions' shares.

In this exclusive interview, Becker, president and chief executive of the NAFCU, shares his thoughts about the impact the assessment will have on credit unions, including: 

  • What the corporate credit union stabilization assessment fund means for credit unions;
  • What impact the levy will have on natural-person credit unions; and
  • What other assessments are expected.

Becker joined the NAFCU as president and CEO in January 2000. Under Becker's leadership, the NAFCU has worked with the NCUA to address issues such as community chartering, field of membership, and the preservation and promotion of the National Credit Union Share Insurance Fund. Becker also oversaw the creation of the NAFCU's unique credit union locator, in 2008.

Becker is a graduate of the U.S. Naval Academy. He holds a juris doctorate from the Marshall-Wythe School of Law at the College of William and Mary. He also holds an MBA from Virginia Polytechnic Institute & State University, also known as Virginia Tech.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.