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NAFCU statement on NCUA NOL decrease

The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the NCUA Board approved of decreasing the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level (NOL) from 1.39 to 1.38 percent effective immediately. NAFCU continues to fight for a lowering of the NOL back to 1.3 percent so credit unions can realize the fullest distribution possible.

"This decrease is a positive development and we thank the NCUA for taking this step," said NAFCU Chief Economist and Vice President of Research Curt Long. "We will continue to press the NCUA to reduce the NOL for further distributions."

NAFCU

We provide credit unions with the best federal advocacy, education and compliance assistance in the industry. The National Association of Federally-Insured Credit Unions (NAFCU) is a direct membership association for federally insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry. Over the years we have been able to build on our foundation, growing stronger with our members and steadfast in our beliefs and focus: providing unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness. Why? Because we believe credit unions are the best and they deserve the best.  

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