NCUA to Pay $160.1 Million in NCUSIF Dividends during the Week of May 20

The National Credit Union Administration (NCUA) will pay $160.1 million in dividends to eligible credit unions from the National Credit Union Share Insurance Fund (NCUSIF) during the week of May 20.

NCUA stated that over 5,500 credit unions would be eligible for the distribution from the NCUSIF.

The NCUA Board approved the distribution in March after it was determined that the NCUSIF equity ratio of 1.39 percent at the end of 2018 exceeded the normal operating level of 1.38 percent.

This is the second distribution from the NCUSIF after the merger of the Temporary Corporate Credit Union Stabilization Fund into the NCUSIF.

Read the press release.