The National Credit Union Administration (NCUA)’s equity ratio is expected to drop to 1.25% in June—well below the 1.33% normal operating level set by the agency board last year.
Despite that news, agency board members did not express any immediate distress during their monthly board meeting Thursday.
“The 1.25% projected equity ratio for June 30 is very good news,” board Vice Chairman Kyle Hauptman stated following a briefing by NCUA CFO Eugene Scheid.
“At just over $20 billion,” he noted, “the National Credit Union Share Insurance Fund is as large as it has ever been.”
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