Newsroom

May 20, 2022

NCUA Board to discuss SIF quarterly report next week

NCUAThe NCUA Board next week will receive a briefing on the Share Insurance Fund(SIF) Quarterly report. The meeting, scheduled to begin at 10 a.m. Eastern, will be available via livestream on the agency’s website

Of note, NAFCU’s SIF Committee met in March to discuss the NCUA’s year-end financials the agency’s announcement to distribute $569 million under the corporate system resolution program. At the NCUA’s February Board SIF briefing, agency staff noted that as of Dec. 31, 2021 the equity ratio is 1.26 percent. In addition, assets for the SIF totaled $20.7 billion, which was $179 million lower than the prior quarter according to the report.

View the full agenda. NAFCU will monitor next week's meeting and update credit unions on the latest from the NCUA.