Lobby of the NCUA.

The cost of credit union failures during 2018 totaled $792.5 million, a jump of more than $768 million over last year, NCUA Chief Financial Officer Rendell Jones told the agency board Thursday.

The $792.5 million is an increase from the $785 million the agency reported the share insurance fund lost due to failures in its end-of-year financial report.

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David Baumann

 

Credit Union Times

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