NCUA Board Briefed on Share Insurance Fund

Kyle Hauptman

The National Credit Union Administration (NCUA) Board held an open meeting today and received a briefing on the second quarter report for the Share Insurance Fund.  
​
In the Share Insurance Fund briefing, Melissa Lowden, the Acting Chief Financial Officer, reported $82.0 million in net income during the second quarter of 2025 and $23.2 billion in total assets as of June 30, 2025. Ms. Lowden noted the equity ratio was 1.28 percent as of June 30, 2025, which represents a decrease of 2 basis points from December 31, 2024. The semi-annual decline was attributed to the growth of insured shares, which increased by 2.9 percent.  

In the briefing, Ms. Lowden also shared that the Share Insurance Fund could withstand a loss of $1.4 billion without dropping below the 1.20 percent equity ratio threshold. By law, when the equity ratio falls below, or is projected within six months to fall below, 1.20 percent, the NCUA Board must assess a premium or develop a restoration plan. This figure is evidence of the solvency and stability of the fund.  

“There’s a lot of good news happening across the credit union system and the second quarter performance of the Share Insurance Fund is encouraging,” said Chairman Kyle Hauptman. "Growth in assets and the Fund’s preparedness for unanticipated loss is essential for maintaining confidence and trust in the credit union system members depend on—and it remains a top priority for the NCUA.”  

The briefing also included an overview of the NCUA’s Share Insurance Fund dashboard. This interactive tool is available to the public which highlights the Share Insurance Fund’s  key performance indicators. The dashboard allows users to navigate between topics, analyze the Share Insurance Fund’s financial performance, and find non-financial supplemental resources.  

Additionally, Ms. Lowden provided information about the NCUA’s spending against its 2025 budget. The agency expects to spend a total of $13.6 million for staff departures under its Voluntary Separation Program: $8.8 million was for paying out annual leave previously earned by separating employees, $3.5 million was for incentive payments, and $1.3 million was for administrative and other costs for separating employees. These additional costs are offset by other savings in payroll, travel, and contracting. The NCUA projects to come in $7.0 million under budget for 2025.  

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 143 million account holders in all federal credit unions and most state-chartered credit unions.  

---