Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Agency insurance losses remain below estimates
ALEXANDRIA, Va. (4/22/11)—The National Credit Union Administration (NCUA) did not report writing off any National Credit Union Share Insurance Fund (NCUSIF) assets as insurance loss expense for the second time in as many months.
Click to view larger image Click for larger view
Click to view larger image Click for larger view
The agency had originally budgeted $54.2 million in funds to cover expected insurance loss expenses for the month of March but those projected losses did not materialize. NCUA CFO Mary Ann Woodson reported that the NCUSIF’s equity ratio stood at 1.29% as of March 31, and added that $140 million of the NCUSIF’s $1.2 billion in reserves are allocated for expected losses related to specific, troubled natural-person credit unions. A total of $1 billion of those NCUSIF reserves remain unallocated. Woodson in her report noted that the number of CAMEL Code 4 and 5 credit unions increased by 6 in March. The 366 total CAMEL 4 and 5 credit unions represent 5% of insured shares, or $37 billion. The number of CAMEL 3 credit unions declined by 5, dropping that total to 1798. CAMEL 3 credit unions represent 17% of insured shares, or $132 billion. To access this month's NCUA insurance report, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
2 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
3 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
5 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
5 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
6 hours ago