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NCUSIF Reserve Balance Increased by $49 Million During the First Quarter of 2018 "Credit News 24"

The National Credit Union Administration reported that reserve expenses for the National Credit Union Share Insurance Fund (NCUDIF) increased during the first quarter.

NCUA had estimated that NCUSIF reserve expenses would increase by $28 million during the first quarter of 2018. However, actual NCUSIF reserve expenses rose by $49.2 million - more than anticipated.

NCUA reported that charges for liquidation declined by about $200 thousand during the first quarter.

As a result, reserve balance at the NCUSIF increased by $49 million from $196.6 million on December 31, 2017 to $245.6 million on March 31, 2018.

According to NCUA, $8.8 million is for specific natural person credit unions and $236.8 million is for general reserves.


Title : NCUSIF Reserve Balance Increased by $49 Million During the First Quarter of 2018 "Credit News 24"
link : NCUSIF Reserve Balance Increased by $49 Million During the First Quarter of 2018 "Credit News 24"