ALEXANDRIA, Va. (Dec. 13, 2016) – Insured share growth in credit unions, along with the continuing low interest-rate environment, is causing the National Credit Union Share Insurance Fund’s equity ratio to decline. As a result, staff recommended at the November Board meeting a share insurance premium of between 3 to 6 basis points.
In the latest issue of The NCUA Report newsletter, NCUA’s Office of Examination and Insurance details the factors affecting the fund’s equity ratio and why an insurance premium may be necessary. The December 2016 issue is now available online here.
The agency’s newsletter features columns from NCUA Board Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles from several NCUA offices on the agency’s initiatives and important information on regulatory, supervisory and compliance issues at federally insured credit unions.
Articles in this month’s issue include:
Published monthly, The NCUA Report is NCUA’s flagship publication. The newsletter highlights important Board activity and key issues that credit union managers, staff and volunteers need to know. If interested, you can subscribe to the online version of the newsletter here (opens new window). Previous issues of The NCUA Report are available online here (opens new window).
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