Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA: No NCUSIF Assessment In 2013
ALEXANDRIA, Va. (10/25/13)--Thursday's National Credit Union Administration open board meeting featured good news for credit unions: There will be no National Credit Union Share Insurance Fund premium assessment in 2013, agency Chief Financial Officer Mary Ann Woodson reported.

Woodson on Thursday noted that the NCUSIF remains strong, with $110.3 million in net income, $11.7 billion in total assets and an equity ratio of 1.31% as of Sept. 2013.

The NCUA quarterly financial report also showed:
  • The number of CAMEL code 4 and 5 credit unions declined to 317 from 330 in the second quarter, with more than half of the CAMEL 4 and 5 credit unions holding less than $10 million in assets; and
  • The number of CAMEL code 3 credit unions declined to 1,483 from 1,508 in the second quarter, with 47% of those credit unions holding less than $10 million in assets.
CAMEL Code 4 and 5 credit unions held 1.58% of insured shares, or approximately $13.7 billion. CAMEL 3 credit unions held 11.13% of insured shares, or $96.7 billion. Combined, insured shares in CAMEL 3, 4, and 5 credit unions represent approximately 12.7% of total insured shares.

For a CUNA summary of the board meeting, use the resource link.
Other Resources

NCUA Meeting Summary
RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
14 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
16 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
16 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
16 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
17 hours ago