The National Credit Union Administration’s Board of Directors—at the time consisting solely of Chairman Kyle Hauptman—met on Thursday, September 18, during which it received a briefing on the second quarter report for the Share Insurance Fund (SIF).
Acting Chief Financial Officer Melissa Lowden reported that the SIF had $82.0 million in net income during the second quarter of 2025. Though the equity ratio has decreased 2 basis points since December 31, 2024, that decrease is attributable to an increase of insured shares.
“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 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.”
According to Lowden, the SIF could withstand a loss of $1.4 billion without dropping below the 1.20 percent equity ratio threshold required by law. The second quarter of 2025 saw losses of $17 million from 4 credit union failures.
Credit unions wishing to dive into the data themselves can examine a new dashboard for the NCUSIF Financial Overview & Performance. The dashboard was unveiled by Lowden, and it provides an interactive look at the fund’s performance.
Before wrapping up, Lowden also updated the Board on NCUA spending for staff departures. The NCUA is expected to spend roughly $13.6 million as part of its Voluntary Separation Program including annual leave earned, incentive payments, and administrative costs. However, the additional spending here will be offset by payroll and travel savings, with the NCUA expected to fall $7 million under budget.
