Rebates will help CUs keep deposits & more

first_img continue reading » The NCUSIF rebate is arriving at just the right time for some CUs, many of which plan to use the unplanned-for funds to underwrite higher CD rates to stop deposit outflows as rates rise, in addition to investing elsewhere.Raising rates is just one of the uses for the funds being returned to credit unions following the merger of the Temporary Corporate CU Stabilization Fund into the share insurance fund, according to credit union CEOs who told CUToday.info that the refunds, generally, will be put to use to keep the credit union competitive, strong and relevant with members.This report is part one in a two-part series.In all, NCUA has returned approximately $836 million to credit unions. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *