Yesterday's financial services regulatory overhaul deal to force banks to fund the FDIC's return from a 1.15% equity ratio to 1.35% has the American Bankers Association asking what about the NCUSIF.

ABA President/CEO Edward Yingling stated that the banks have paid tens of billions of dollars to maintain the integrity of the FDIC, but traditional banks would be paying for a financial crisis they did not cause. He claimed the FDIC is being used to offset costs of other government programs.

Yingling added, that if this will be the course for the FDIC, the NCUSIF should be treated the same. The NCUSIF equity ratio has been hovering near its 1.2% floor.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.