The National Credit Union Administration (NCUA) Board convened for its second open meeting of 2025, where the Chief Financial Officer presented a report on the performance of the National Credit Union Share Insurance Fund for the fourth quarter ending December 31, 2024.
The Share Insurance Fund recorded a net income of $78.6 million and reported assets totaling $22.3 billion with total income reaching $145.9 million for the quarter. The equity ratio stood at 1.30 percent by the end of this period.
“There is a lot of good news here,” stated NCUA Chairman Kyle S. Hauptman. “I’m pleased to see the Share Insurance Fund remains strong. Reductions in unrealized losses, increased interest revenue, and capitalization deposit adjustments throughout the year helped to increase the Share Insurance Fund’s assets by $924.6 million. However, credit unions and the NCUA Board will need to continue to monitor economic and market conditions. Patience, flexibility, and sound balance sheet management will be vital in the year ahead.”
During this quarter, there was a decrease in credit unions categorized under composite CAMELS code 3 from 730 to 715, with their assets reducing from $189.8 billion to $188.8 billion compared to the previous quarter. Similarly, credit unions under composite CAMELS codes 4 and 5 decreased from 138 to 135 with their assets declining from $19.1 billion to $18.5 billion.
In addition, three federally insured credit union failures during 2024 resulted in approximately $2.03 million in losses for the Share Insurance Fund.
Further details on the performance of the Share Insurance Fund can be accessed on NCUA's website.
The NCUA operates as an independent federal agency established by Congress to regulate federal credit unions while managing the National Credit Union Share Insurance Fund which insures deposits for over 135 million account holders across federal and most state-chartered credit unions.
For more information or media inquiries, contact Joe Adamoli at JAdamoli@ncua.gov or call 703-518-6572.