Board Action Bulletin
ALEXANDRIA, Va. (Feb. 27, 2025) – The National Credit Union Administration Board held its second open meeting of 2025 and received a briefing by the Chief Financial Officer on the performance of the National Credit Union Share Insurance Fund for the quarter ending on December 31, 2024.
The Share Insurance Fund reported a net income of $78.6 million, $22.3 billion in assets, and $145.9 million in total income for the fourth quarter of 2024. As of the fourth quarter of 2024, the equity ratio was 1.30 percent.
“There is a lot of good news here,” NCUA Chairman Kyle S. Hauptman said. “I’m pleased to see the Share Insurance Fund remains strong. Reductions in unrealized losses, increased interest revenue, and capitalization deposit adjustments throughout the year helped to increase the Share Insurance Fund’s assets by $924.6 million. However, credit unions and the NCUA Board will need to continue to monitor economic and market conditions. Patience, flexibility, and sound balance sheet management will be vital in the year ahead.”
Additionally, for the fourth quarter of 2024:
- The number of composite CAMELS code 3 credit unions decreased from 730 to 715 at the end of the fourth quarter. Assets for these credit unions decreased from the third quarter to $188.8 billion from $189.8 billion.
- The number of composite CAMELS codes 4 and 5 credit unions decreased from 138 to 135 at the end of the fourth quarter. Assets for these credit unions decreased from $19.1 billion to $18.5 billion.
Three federally insured credit union failures during 2024 cost the Share Insurance Fund approximately $2.03 million in losses.
Additional information on the performance of the Share Insurance Fund is available on the NCUA’s website.
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