ALEXANDRIA, Va. — The NCUSIF has had a net income of $374.9million this year, including $7.3 million in November, NCUA CFOMary Ann Woodson told the agency's board on Thursday.
|When the agency made its projections last year, it predicted a$512.3 million loss during the first 11 months of 2011.
|Woodson said the fund's equity ratio was 1.32% for the secondconsecutive month. There have been 13 credit unions closed thisyear, compared with 28 in 2010.
|At the end of November, 3.58% of insured shares were in CAMEL 4and 5 credit unions, compared with 3.89% at the end of October and5.13% at the end of last year.
|As of Nov. 30, 16.13% of insured shares were in CAMEL 3 creditunions, compared with 15.87% at the end of October and 18.26% atthe end of last year.
|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? Sign In
© 2024 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.
