NCUA Board Proposes Increasing Threshold for ONES Supervision

Share Insurance Fund Assets Grew in 2021; Equity Ratio at 1.26 Percent

ALEXANDRIA, Va. (Feb. 17, 2022) – Through a live webcast, the National Credit Union Administration Board held its second open meeting of 2022 and unanimously approved two items:

• A notice of proposed rulemaking for assigning certain federally insured credit unions to the appropriate NCUA supervisory office.
• An interim final rule that extends two temporary changes to the NCUA’s prompt corrective action regulations.

In addition, the NCUA’s Chief Financial Officer briefed the Board on the performance of the Share Insurance Fund during the fourth quarter of 2021.

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