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Article: WORTH NOTING.(General News)
- Article from:
- Credit Union Journal
- Article date:
- June 1, 2009
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FDIC Charges 5BP Premium; More To Come
WASHINGTON-After approving a five-basis point premium-based on assets for insured banks, the FDIC adopted a rule to give itself flexibility to charge another special assessment in the third and fourth quarters and said at least one further special assessment is "probable." Even with the special assessment, the Deposit Insurance Fund is likely to be close to zero by year-end necessitating another premium levy, the FDIC said.
New Nat'l Member Study Offers Insights
MADISON, Wis.-When asked what they would like to see from their credit unions, 45% of members said higher savings rates, 27% said lower loan ...