NCUSIF Reserves Increased by $23 Million for June

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Title : NCUSIF Reserves Increased by $23 Million for June

NCUSIF Reserves Increased by $23 Million for June

The National Credit Union Administration (NCUA) last week reported a $23 million increase in reserves at the National Credit Union Share Insurance Fund (NCUSIF) during the month of June.

As of June 30, 2016, reserves were $178.9 million -- $4.5 million was for specific natural person credit unions and $174.4 million was for general reserves. At the end of the previous month, reserves were $155.9 million.

The NCUSIF recognized an insurance loss expense of $22.2 million during the month of June 2016. This was the second consecutive month where insurance loss expenses increased.

Read the June NCUSIF Statement.

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