CUNA has created a calculator where credit unions can enter their NCUA charter number and get the amount of their estimated share insurance fund equity distribution, the estimated premium they would have paid in 2018 absent CUNA/league advocacy efforts and some related ratios. CUNA and state leagues strongly supported closing the Temporary Corporate Credit Union Stabilization Fund last year and issuing distributions starting this year.
The board unanimously voted at its February meeting to declare a distribution in the form of a dividend in the amount of $735.7 million for the year ending Dec. 31, 2017, which it estimates will be paid in the third quarter of 2018.
NCUA published its rule on National Credit Union Share Insurance Fund distributions Friday. Eligible credit unions will receive a pro-rata distribution, based on each credit union's quarterly average insured shares.
The approach closely approximates the method advocated for by CUNA. Eligibility is determined by whether a credit union filed a quarterly call report in 2017.
Additional information can be found on CUNA’s Removing Barriers Blog.