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On Site Coverage: 2008 NCUSIF Reserve Charges At $215 Million And Rising

LA JOLLA, Calif. -- Head NCUA examiner David Marquis told WesCorp Future Forum attendees yesterday the agency has charged $215 million to share insurance fund reserves so far in 2008, and the board is scheduled to review two more cases tomorrow.

By Heather Anderson | Updated on May 21, 2008

LA JOLLA, Calif. — Head NCUA examiner David Marquis told WesCorp Future Forum attendees yesterday the agency has charged $215 million to share insurance fund reserves so far in 2008, and the board is scheduled to review two more cases tomorrow.

It’s the highest amount in more than 20 years, up from 2007′s total of $40.8 million, and more than all charges combined from 1994 through last year.

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