ALEXANDRIA, Va. (4/12/13)--A quarterly insurance fund report will be the lone item on the agenda when the National Credit Union Administration board meets on Thursday, April 18.
The agency has not scheduled a closed board meeting at this time.
The previous quarterly report, released at the February open board meeting, showed that the number of federal credit unions with CAMEL codes 3, 4 and 5 dropped significantly during 2012. The agency also reported the National Credit Union Share Insurance Fund NCUSIF ended 2012 with a 1.30% equity ratio, after transferring $88 million in "excess equity" to the Temporary Corporate Stabilization Fund (TCCUSF). The NCUA said it calculated the ratio on an insured share base of $839.4 billion, compared to $795.3 billion at the end of 2011, indicating growth of 5.5%.
The NCUA also reported good 2012 results for the TCCUSF. Based on "preliminary and unaudited" information, for 2012 the total net position of the fund improved nearly $1.8 billion.
For the full agenda, use the resource link.