NCUA SIF Presentation Mar 2014 [Read-Only]
Transcript of NCUA SIF Presentation Mar 2014 [Read-Only]
NCUSIFFirst Quarter Statistics
March 31, 2014
Mary Ann Woodson, CFOOffice of the Chief Financial Officer
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Outline
National Credit Union Share Insurance Fund (NCUSIF)
Annual Financial Statements Located at: http://www.ncua.gov/about/Leadership/CO/OIG/Pages/AuditRpt2014.aspx
NCUSIF First Quarter 2014 Statistics
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NCUSIFRevenueandExpenseMarch31,2014
Year‐End 2009 Year‐End 2010
PRELIMINARY & UNAUDITED(in Millions)
Quarter Ended March 31, 2014
(Actual) (Budgeted)
2014 Annual Budget
Gross Income:
Investment Income $50.9 $51.2 $204.9
Other Income 0.8 0.8 3.3
Total Income $51.7 $52.1 $208.2
Less Expenses:
Operating Expenses $41.7 $46.2 $187.3
Provision for Insurance Losses:
Reserve Expense 22.4 40.2 160.8
AME Loss Expense (Recovery) (12.1) 0.0 0.0
Total Expenses $52.0 $86.4 $348.1
Net Income (Loss) ($0.3) ($34.4) ($139.9)
NCUSIF First Quarter 2014 Statistics
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NCUSIFChangestotheReservesMarch31,2014
Year‐End 2009 Year‐End 2010
PRELIMINARY & UNAUDITED
(In Millions)
Quarter Ended March 31, 2014
Beginning Reserve Balance: $220.7
Reserve Expense 22.4
Charges for Assisted Mergers 0.0
Charges for Liquidations (15.6)
Ending Reserve Balance $227.5
NCUSIF First Quarter 2014 Statistics
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TreasuryYieldCurveMarch31,2014
NCUSIF First Quarter 2014 Statistics
March 31, 2014
March 31, 2013
December 31, 2013
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YieldComparisonsMarch31,2014
NCUSIF First Quarter 2014 Statistics
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NCUSIFPortfolioMarch31,2014
NCUSIF First Quarter 2014 Statistics
Investment Balance at Par: $10.9 Billion Weighted Average Life: 3.84 yearsWeighted Average Yield: 1.85%
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NCUSIFEquityRatioFY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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NumberofProblemCreditUnionsCAMELCode4/5FY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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PercentofCAMELCode4/5SharestoTotalInsuredSharesFY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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CAMELCode4/5ComparisonDecember31,2013toMarch31,2014
NCUSIF First Quarter 2014 Statistics
Total Shares in Billions
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NumberofCAMELCode3FY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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PercentofCAMELCode3SharestoTotalInsuredSharesFY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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CAMELCode3ComparisonDecember31,2013toMarch31,2014
Total Shares in Billions
NCUSIF First Quarter 2014 Statistics
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DistributionofAssetsinCAMELCodesFY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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NumberofCreditUnionFailuresFY09‐ FY14
NCUSIF First Quarter 2014 Statistics
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OfficeContactPage
Primary Staff: Mary Ann WoodsonChief Financial Officer
E‐mail Address: [email protected]
Office Phone: (703) 518‐6570
Feel free to contact our office with questions or comments.
NCUSIF First Quarter 2014 Statistics