Share insurance fund report, MDI program IRPS slated for Thursday’s NCUA Board meeting

A year-end report on the fund that insures deposits (shares) in federally insured credit unions is one of two items slated for discussion Thursday during the open meeting of the National Credit Union Administration (NCUA) Board.

The National Credit Union Share Insurance Fund (NCUSIF) report is expected to include the fund’s equity ratio as of Dec. 31, 2023. That ratio was reported at 1.3% at the end of 2022 and 1.27% in June 2023. In September, the agency estimated it would remain at 1.27% by year-end.

Also slated Thursday is a final interpretive ruling and policy statement on the NCUA’s Minority Depository Institution (MDI) Preservation Program. The current, effective IRPS on the program was finalized in July 2015.

Thursday’s open meeting begins at 10 a.m. Eastern and can be attended in person and viewed online (via livestream on the NCUA’s YouTube channel).

NCUA Board Feb. 15 open meeting agenda

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