ALEXANDRIA, Va. — The increased revenues from premiums and recapitalization are offsetting some of the losses to the NCUSIF and the fund's net income was $150 million last month, the NCUA board was told today.
That's an increase from $9 million in December.
The largest losses were the $1 billion spent to infuse capital into U.S. Central and the $3.7 billion set aside to guarantee credit union deposits in corporate credit unions.
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