First-quarter 2025 data, preliminary and unaudited, for the National Credit Union Share Insurance Fund (NCUSIF) showed the fund’s total assets up 3.14%, growing from $22.3 billion to $23.0 billion in the first quarter of 2025. The fund’s equity ratio is meanwhile expected to drop to 1.26% this June, down from 1.3% as of last year-end.
Insured-share growth is expected to contribute to the decline in the fund ratio, which was last reported at 1.3% as of Dec. 31, National Credit Union Administration (NCUA) staff reported in Thursday’s open agency board meeting.Insured shares are forecast to grow by June 30, year over year, by 5.30%, staff said. Year-end 2024 insured shares totaled $1.778 trillion, the report shows.
The fund’s normal operating level (NOL), the set target ratio, is 1.33%.
Fund net income as of March 31 totaled $79.8 million, up $1.2 million from the fourth quarter of 2024, the report said.
The number of CAMELS 4 and 5 credit unions declined by six to 129, but total assets held by those institutions was up nearly 10% to $20.3 billion; CAMELs 3 credit unions declined by 36 to a total of 679. Assets held by CAMELS 3 credit unions declined from $188.8 billion in the last quarter of 2024 to $172.6 million at the end of the first quarter of 2025, the report showed.
The agency reported no credit union failures in the first quarter.
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