ALEXANDRIA, Va.–NCUA’s acting CFO, Melissa Lowden, told the agency’s board meeting the fund remains healthy and that the percentage of insured shares at CAMELS codes four and five CUs has been reduced slightly.
Among some of the datapoints from the NCUSIF for Q1 highlighted by Lowden:
- The share insurance fund reported $105.3 million in net income during the first quarter of 2026, a decrease of $8.6 million (7.5%) over the previous quarter, but an increase by $25.5 million or 32% compared to the first quarter 2025. The decrease in net income for Q1 was primarily due to higher provision for insurance losses.
- Total NCUSIF assets increased to $ 24.5 billion, primarily due to $383.4 million in capitalization deposits receivable.
- Insurance losses resulting from three credit union failures cost the fund $5.7 million.
- The NCUSIF equity ratio was 1.30% as of Dec. 31, 2025, and the projected equity ratio for June 30, 2026, is 1.27%.
- The investment portfolio yield was 2.88%, up 11 basis points from the previous quarter. It reduced the overnight balance from $4.5 billion to $3.4 billion.
- The NCUSIF insured deposits at 4,262 credit unions as of Q1, a decrease of 35 from the end of the previous quarter.
- The percentage of insured shares in CAMELS codes four and five CUs was .5% as of Q1, a decrease from .6% at the end of the previous quarter/
- The percentage of insured shares in CAMELS 3-rated credit unions was 7.3%. a decrease from the previous quarter’s 7.8%.
- More than er 92% of credit unions were rated CAMELS Code one or two.
Additional Information
Below are additional details on the NCUSIF. NCUA Chairman Kyle Hauptman encouraged credit unions to use the interactive tool that is now available on the NCUA website to get additional information.
