Betcha Didn't Know...Did Ya' ?!?

Do "you people" in Credit Unions
Get The Message?

You know I really hate to keep harping on the NCUA, but the Agency keeps coming up with some tremendous surprises which seem to be designed to purposefully provoke credit unions. 

Telling "larries"
in Congress!

Am I the only one who is both surprised and alarmed at the following statement by Mr. Larry Fazio during his testimony before Congress on February 10, 2015:

"[Footnote 29] NCUA has two other legislative priorities.  First,....  The second priority would permit NCUA to charge risk-based premiums for the Share Insurance Fund much like the Federal Deposit Insurance Corporation charges for the Deposit Insurance Fund.  Risk-based premiums would lessen the funding burden on small credit unions, which generally pose less risk to the Share Insurance Fund."

Seven Questions For Credit Union Folks:

Well?

1. Were you aware that imposing additional risk-based NCUSIF premiums on your credit union was one of NCUA's top priority goals?

Well?

2. When do you think NCUA, in all its "full transparency" glory, intended to tell you about this higher deposit insurance premium tax?

Well?

3. Has your trade association been invited to discuss these higher premium charges with the NCUA?

Well?

4. Has the full NCUA Board been made aware of this proposed additional NCUSIF premium charge.  Are they for it?

Well?

5.  Wouldn't an additional risk-based insurance premium - of any amount - layered on top of your current 1% NCUSIF deposit, cost your credit union - all credit unions - more money?

Well?

6.  How many more "larries" are out there about which you know nothing?

And the bonus question for all of us...

Well?

7.  Who the "H" is minding the store???