This month's special topic:
NCUSIF Premium
In November 2016, NCUA announced that a National Credit Union Share Insurance Fund (NCUSIF) premium charge of 3 to 6 basis points for all federally-insured credit unions is likely necessary in 2017 due to a continuing downward trend of the NCUSIF equity ratio. NAFCU strongly recommends that NCUA maintain an equity ratio above the statutory minimum of 1.2 percent through prudent management of the NCUSIF, not an unnecessary and costly premium on credit unions in 2017. We are strongly urging NCUA to exhaust all options prior to charging a premium.
NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.
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