Learn your NCUSIF distribution with NAFCU’s calculator

by NAFCU Newsroom

Credit unions can learn the amount of the distribution they will receive from the National Credit Union Share Insurance Fund (NCUSIF) this year with NAFCU’s updated SIF calculator (member only). The calculator reflects the latest figures shared during Thursday’s open NCUA board meeting.

Based on the NCUA’s final NCUSIF audit, the equity ratio on insured shares stands at 1.46 percent – higher than the current normal operating level (NOL) of 1.39 percent. From this ratio, the NCUA has revised its distribution to credit unions this year to be $735.7 million.

The board Thursday also announced that credit unions can expect their distributions in the third quarter of this year.

This distribution is the result of the NCUA Board vote last September to merge the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) with the NCUSIF. At the same time, NCUA also elected to raise the NOL of the NCUSIF to 1.39 percent.

 

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