NCUA lobby Lobby of the NCUA.

In the September NCUA board meeting, it was reported that the National Credit Union Share Insurance Fund (NCUSIF) equity ratio has dropped to 1.22% at mid-year from where it was in December at 1.35%. This is understandable given the historically unprecedented deposit growth, which was driven by members depositing COVID-19 economic impact payments.

Some believe this will trigger an NCUSIF premium assessment. Others are suggesting solutions to a problem that doesn’t exist. Until the NCUSIF equity ratio falls below 1.20%, there is no need for a premium, restoration plan or any other off-the-wall fix.

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?

 

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.