The NCUSIF's reserve balance was $5.3 billion last month and the fund lost $2.5 million in income, NCUA Chief Financial Officer Mary Ann Woodson told the board today.
The reserve balance was $5.2 billion at the end of March.
The fund had $23.5 billion in assets at the end of April, compared with $23.4 billion at the end of March and $7.6 billion in April 2008. The increase was caused by such factors as increased payments from credit unions for the cost of insurance and an increase in the amount recovered from liquidated credit unions.
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