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The next update of the NCUA’s Share Insurance Fund will demonstrate that the fund is strong and a new premium on credit unions will not be needed, Curt Long, NAFCU’s chief economist and vice president of research, predicted Friday.

“The fund has performed very well,” Long said. He predicted that the equity ratio will be around 1.26%, above a level that would require the NCUA board to take action. Long also said that the equity ratio will likely exceed 1.30% soon.

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Credit Union Times

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