The National Credit Union Administration Board received a briefing from its Chief Financial Officer on the National Credit Union Share Insurance Fund’s performance for the quarter ending December 31, 2024. The fund reported net income of USD 78.6 million, total income of USD 145.9 million, assets of USD 22.3 billion, and an equity ratio of 1.30 percent. Assets increased by USD 924.6 million over the year, reflecting reductions in unrealized losses, increased interest revenue, and capitalization deposit adjustments. During the fourth quarter, the number of composite CAMELS code 3 credit unions declined to 715 and their assets fell to USD 188.8 billion, while composite CAMELS codes 4 and 5 decreased to 135 with assets down to USD 18.5 billion. Three federally insured credit union failures in 2024 resulted in approximately USD 2.03 million in losses for the Share Insurance Fund.
National Credit Union Administration 2025-02-27
National Credit Union Administration reports the Share Insurance Fund earned USD 78.6 million in Q4 2024 with a 1.30% equity ratio
The National Credit Union Administration Board reported the National Credit Union Share Insurance Fund's Q4 2024 performance, noting a net income of USD 78.6 million and an equity ratio of 1.30%. Assets increased by USD 924.6 million due to reduced unrealized losses and higher interest revenue. The fund incurred USD 2.03 million in losses from three federally insured credit union failures.