Search
 

NCUA Board Told NCUSIF Continues to Be Healthy

Agency reports at monthly meeting that percentage of shares in problem CUs continues to drop.

By Claude R. Marx | Updated on October 27, 2011

The NCUSIF’s equity ratio remained at 1.31% for the third consecutive month in September, according to a report given to the NCUA Board on Thursday by NCUA CFO Mary Ann Woodson.

Income for the NCUSIF was $3.6 million in September and has been $230.7 million this year. When the agency prepared the budget last year, during a much more difficult economic climate, the fund was projected to lose $420 million during the first nine months of 2011, Woodson said.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 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.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.