CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » NCUSIF ended year with $61.3M
Policy & Issues

NCUSIF ended year with $61.3M

February 19, 2016

ALEXANDRIA, Va. (2/19/16)--For the fourth quarter of 2015, which ended Dec. 31, the National Credit Union Share Insurance Fund (NCUSIF) reported net income of $21.1 million and year-to-date of $61.3 million. The ending reserve balance was $164.9 million.

Rendell Jones, chief financial officer of the National Credit Union Administration, presented the quarterly report at the agency's open meeting Thursday.

The NCUSIF equity ratio ended at 1.29%, with the number of problem credit unions with CAMEL Code 4/5 declining to 220,  representing 0.80% of CAMEL 4/5 shares to Total Insured Shares.

Jones reported that there were 16 credit union failures in 2015.

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
App •  Digital Edition •  Subscribe

Trending

  • Compliance: Using alternative data in underwriting

  • Turn mistakes into success

  • Concerns over credit union-bank mergers, CRA ‘inaccurate, misinformed’

Tweets by CUNA_News

Polls

What's the pace of staff turnover at your CU?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors