X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
NCUA Board members during the virtual meeting on Sept. 23, 2021. NCUA board members during the virtual meeting on Sept. 23, 2021.

After taking a month off, the NCUA board met for the ninth time this year on Thursday. Board members tackled a number of issues, which included taking a close look at the health of the Share Insurance Fund and voting to approve millions in surplus money for “agency needs.”

According to a presentation from NCUA CFO Eugene Schied, as of June 30, the SIF’s equity ratio was 1.23%, which is below the board-approved normal operating level of 1.38%. Schied reported a net income of $46.3 million and $19.8 billion in assets for the second quarter of this year. The SIF also reported $60 million in total income for the second quarter of 2021, according to Schied’s numbers.

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?

Michael Ogden

Editor-in-Chief for CU Times.

More from this author

 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.