While the NCUSIF's equity ratio is headed in the right direction, it's not clear how much it will benefit the bottom line of credit unions. 

The NCUA reported that the funds' equity ratio was 1.3% at the end of both July and August and will likely end the year between 1.28% and 1.32%. 

If the fund hits 1.3%, any additional money would be transferred to the Temporary Corporate Credit Union Stabilization Fund and could result in a smaller assessment next year.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.