The NCUSIF's equity ratio remained at 1.31% for the third consecutive month in September, according to a report to the NCUA board by the agency's chief financial officer Mary Ann Woodson at its Oct. 27 meeting.
The fund's income was $3.6 million in September and has been $230.7 million this year. When the agency prepared the budget last year, during a much more difficult economic climate, the fund was projected to lose $420 million during the first nine months of 2011.
At the end of the year, any money in the NCUSIF above the 1.3% equity ratio will be transferred to the Temporary Corporate Credit Union Stabilization Fund, which is used to repay the Treasury Department's loan for rescuing the corporate credit union system.
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