NCUSIF ends 2Q with $23.2B, equity ratio of 1.28%

The NCUA Board received an update on the National Credit Union Share Insurance Fund (NCUSIF) Thursday at its September meeting. The fund reported $23.2 billion in total assets for the quarter ending June 30, with an equity ratio of 1.28%. Agency staff projected the equity ratio to be 1.30% at the end of 2025.

The NCUA launched an NCUSIF dashboard as an interactive resource to highlight the fund’s key performance indicators, allow users to navigate between topics, analyze its financial performance, and find non-financial supplemental resources.

Staff also provided an update on the budget. The NCUA expects to spend a total of $13.6 million for staff departures under its Voluntary Separation Program: $8.8 million for paying out annual leave previously earned by separating employees, $3.5 million for incentive payments, and $1.3 million was for administrative and other costs for separating employees.

These additional costs are offset by savings in payroll, travel, and contracting, leading to staff projecting the NCUA to come in $7 million under budget for 2025.

Chairman Kyle Hauptman announced the NCUA will not conduct an October open board meeting, while the remaining 2025 meetings are scheduled for Nov. 20 and Dec. 18.