ALEXANDRIA, Va. — Industry health and historical trends are key factors that go into the NCUA's calculations and analysis when determining what assessment level is needed to keep the NCUSIF healthy, NCUA Director of Examination & Insurance Melinda Love told the NCUA Board Thursday.
She said her office, which will make a recommendation to the board on the assessment level this fall, said they focus on four factors: The fund's current equity level; projections for the next six to 12 months; an analysis of different assessment levels on the financial health of credit unions; and a recommended target equity level for the NCUSIF.
She warned that the losses in some of the larger credit unions will cause the agency's existing provision of losses may be not be sufficient to cover the fund's needs.
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