The NCUA's 2011 Annual Report, posted Tuesday on the regulator's website, details an agency and industry steadily recovering from the housing and economic recession.
Sixteen credit unions failed in 2011, compared with 28 in 2010, and total losses associated with the failures dropped 75%, to $55 million from $221 million. As a result, there was no NCUSIF premium for federally insured credit union in 2011.
The NCUSIF ended 2011 with an equity ratio of 1.30%, up two basis points over 2010. The fund's net position grew 9% during 2011 to $10.8 billion.
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