CUNA's Updated Share Insurance Fund Distribution Calculator Now Available

CUNA

The Credit Union National Association's (CUNA) updated version of its share insurance fund distribution calculator tool is now available, according to CUNA News.

The tool is designed to help credit unions estimate the amount of their distribution from the $160 million announced by NCUA earlier this month. This will be the second distribution from the agency.  Last year—as a result of the closing of the Temporary Corporate Credit Union Stabilization Fund, the agency issued one in the amount of $735.7 million. The stabilization fund officially closed in the fall of 2017.

The tool can be found here, under the "Individual Credit Union Data and Statistics" tab. Credit unions can enter their NCUA charter number to get the amount of their estimated equity distribution.

A financial institution that filed a quarterly Call Report as a federally insured credit union for at least one reporting period in calendar year 2018 will be eligible for a pro rata distribution. NCUA estimates the distributions will be paid to eligible credit unions starting in the second quarter of 2019.

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