National Credit Union Share Insurance Fund (NCUSIF)

Our Position


We believe that the NCUA should work diligently to maintain an equity ratio above the statutory minimum of 1.2 percent through prudent management of the NCUSIF, not an unnecessary and costly premium charge for credit unions. Even in a challenging economic environment, there exists a window between the normal operating level (1.3%) and the statutory minimum (1.2%) that allows the NCUSIF to operate through business cycles without requiring NCUA to charge a premium to credit unions, except under severe distress. NAFCU urges prudence on the part of NCUA until such a scenario becomes more of a likelihood.