NCUA's Share Insurance Fund & CAMELS Briefing: The Board Statements

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

NCUA Board Briefing: Current State & Performance of the National Credit Union Share Insurance Fund

In February 2023, The National Credit Union Administration (NCUA) Board briefing discussed the performance of the National Credit Union Share Insurance Fund (NCUSIF) and credit union CAMELS ratings. The NCUSIF reported a net income of $71.7 million, $21.4 billion in assets, and $126.2 million in total income for the fourth quarter of 2023. The equity ratio stood at 1.30 percent. While there were positive achievements, the Board also highlighted the growing signs of financial strain on credit union balance sheets and consumer financial stress. The number of composite CAMELS code 3 credit unions reduced slightly, but their assets increased significantly. The Board members emphasize the importance of liquidity planning for credit unions and indicate continued vigilance in monitoring credit union and NCUSIF performance. They also stress the necessity for credit unions to utilize federal facilities like the NCUA’s Central Liquidity Facility and the Federal Reserve’s Discount Window.

00:00 Introduction and Sponsorship
01:04 Board Action Bulletin: CAMELS Code 3 Credit Union Assets Increase
03:49 Board Members' Statements: Editorial Comment
04:40 Chairman Harper's Statement
13:16 Vice Chairman Hauptman's Statement
15:11 Board Member Tanya Otsuka's Statement
18:59 Conclusion and Contact Information