NCUA Report - December 2012

DECEMBER 2012 NUMBER 12

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HIGHLIGHTS

2 Chairman’s Corner

2012: A Transformative Year for Credit Unions

SHARE INSURANCE AND STABILIZATION FUNDS
IN STRONG POSITIONS
Positive Economic Performance Reflected in
2013 Projections for Premiums and Assessments

3 Board Actions

2013 Budget Holds the Line on Staffing Levels

4 Board Perspective Time to Reassess

6 Funds Available to Help Hardest Hit Members with Their Mortgages

To assist credit unions in developing budget estimates for the upcoming year, NCUA Board Chairman Debbie Matz and Board Member Michael E. Fryzel received a briefing at November’s open meeting about the 2013 projected ranges for National Credit Union Share Insurance Fund (NCUSIF) premiums and Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) assessments.

for an assessment or premium until charged by NCUA.

2013 NCUSIF Premium Range Set The projected 2013 NCUSIF premium range of zero to five basis points is consistent with a stable equity ratio, a declining number of troubled credit unions, improved performance of the NCUSIF, and a strengthening economy.

7 Office of Consumer
Protection Report
Unlimited Share
Insurance Coverage
for Non-Interest Share
Draft Accounts Ends
Dec. 31, 2012

2013 RANGE PROJECTIONS
NCUSIF
Premium
Stabilization Fund
Assessment

0 – 5 basis points
8 – 11 basis points

8 Region IV Report What Makes a Sound Member Business Lending Program?

NCUA projects an NCUSIF premium range between zero to five basis points of insured shares in 2013. NCUA also projects a Stabilization Fund assessment range of eight to 11 basis points of insured shares in 2013. The projected 2013 premium and assessment ranges correspond to the strong positions of the NCUSIF and Stabilization Fund. The ranges also reflect an improving economic environment.

9 CFPB Delays New Mortgage Disclosures

10 With Corporate Credit Union System On Solid Footing, Share Guarantee Program Ends Dec. 31, 2012

Although NCUA has provided the 2013
premium and assessment ranges to assist
credit unions with budgeting projections, the
actual premium or assessment level remains
subject to change based on a variety of
factors. Credit unions should not expense
“The key to the current and continued
success of the Share Insurance Fund is the
prudent actions of credit unions, and
careful supervision by NCUA and state
regulators,” NCUA Board Chairman
Debbie Matz said. “While the demands on
the Share Insurance Fund in 2013 will be
determined by many economic factors and
by possible unforeseeable losses, the most
likely scenario we project would result in an