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NCUA headquarters NCUA headquarters.

On Thursday, the NCUA board received its quarterly update on the National Credit Union Share Insurance Fund (NCUSIF), which showed an uptick in net income while total assets declined slightly.

NCUA board members, briefed by agency officials, found the NCUSIF’s net income sat at $54.4 million and the net position for the first quarter of 2022 was positioned at $20.4 billion. According to the data, the NCUSIF’s total assets dropped from $20.7 billion in the fourth quarter of 2021 to $20.6 billion as of March 31.

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Michael Ogden

Editor-in-Chief for CU Times.

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