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The Temporary Corporate Credit Union Stabilization Fund added $43.8 million to its net position during the first quarter of 2017, ending at $1.6 billion, according to a report by NCUA Chief Financial Officer Rendell Jones during Thursday's NCUA Board meeting.

Jones said this amount does not reflect the NCUA's two most recent settlements over the sale of faulty mortgage-back securities to the failed corporate credit unions, as recoveries from those came in after March 31.

The agency's total recoveries are now at $5.1 billion. The NCUA still has pending litigation against various residential MBS trustees and LIBOR banks related to corporate credit union losses.

The NCUA has made known that no further assessments for the TCCUSF are expected.

NAFCU continues to urge the NCUA to explore any options that would allow the agency to issue TCCUSF rebates to credit unions before the fund is scheduled to close in 2021. Credit unions have paid $4.8 billion in assessments since the creation of the fund in 2009.

NAFCU also continues to update its "NCUA Money Watch" page, which keeps tabs on the NCUA's budget and finances. NAFCU will provide ongoing updates there on the TCCUSF. Meanwhile, NAFCU has updated its frequently asked questions document on the TCCUSF.