ALEXANDRIA, VA. – The NCUSIF's reserve balance was $5.2 billion last month, including an increase of $1.2 billion in losses for the corporate credit unions, NCUA Chief Financial Officer Mary Ann Woodson told the board today.
The reserve balance includes $13.7 million reserve balance expense for natural person credit unions.
The reserve balance at the end of February was $3.9 billion.
Recommended For You
The fund had a $500,000 loss in income last month. That's less than the $8.2 million loss projected and the fund has had a net income of $146.4 million so far this year.
As of March 31, it had $23.4 billion in assets, compared with $12 billion at the end of March 2008.
Its equity ratio was 1.3% as of March 31.
The board also clarified some of its previously passed credit card regulations including allowing credit unions to raise the interest rates on the accounts of returning veterans if they give them 45 days notice.
The board also voted to give the Office of Small Credit Union Initiatives additional powers to go along with the authority it gave it last year to be the focal point during the credit union chartering process. The powers include requiring its approval for revoking charters and giving it authority to enter a Letter of Understanding and Agreement.
The board also approved upgrading two positions in the Office of Capital Markets and creating two new positions in the Central Liquidity Facility.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
