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ALEXANDRIA, Va. — The NCUA Board last week voted unanimously to maintain the 1.3% operating level for the NCUSIF into 2007.

When the NCUSIF equity ratio exceeds the ratio set by the board–statutorily required between 1.2% and 1.5%, NCUA returns a dividend to federally insured credit unions, which finance the insurance fund. This year, NCUA Chief Financial Officer Dennis Winans forecast the equity ratio to reach 1.31% by year-end, meaning a dividend to federally insured credit unions is likely. He gave an estimated range of $105 million to $150 million, or 2-2.5% per credit unions’ 1% deposit. He said he would have a better idea when fourth quarter call reports could be analyzed and possibly bring the potential dividend to the board in February.

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