Thursday, October 19, 2017

NCUA Reports An Increase in NCUSIF Loss Reserves by Almost $78 Million In September

The National Credit Union Administration increased National Credit Union Share Insurance Fund reserves for losses to $286 million at the end of September.

In August, reserves for insurance losses were $208.1 million.

The agency reported that in September $20.1 million in reserves is for specific credit unions and $265.9 million was for general reserves.
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2 comments:

  1. AnonymousOctober 23, 2017 at 10:17 AM

    Wow, +38%. Taxi medallions?

    ReplyDelete
    Replies
    1. Keith LeggettOctober 23, 2017 at 10:29 AM

      I suspect a portion of the increase in reserves could be tied to taxi medallion lenders. But this increase could also include Shreveport FCU.

      Delete

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