Thursday, March 7, 2019

NCUA Board Approves $160.1 Million Equity Distribution from NCUSIF

The National Credit Union Administration (NCUA) Board on March 7, 2019 approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund (NCUSIF).

This is the second largest distribution to credit unions in the history of the NCUSIF.

At the end of the fourth quarter of 2018, the NCUSIF equity ratio was 1.39 percent -- above the normal operating level of 1.38 percent set by the NCUA Board. To lower the equity ratio to the normal operating level, the NCUA Board made the decision to make an equity distribution from the NCUSIF.

Eligible credit unions will receive a payment in the second quarter of 2019.

A financial institution that filed a quarterly Call Report as a federally insured credit union for at least one reporting period in calendar year 2018 will be eligible for a pro rata distribution.

Read the press release.

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