Insurance premium and one percent deposit.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) The amount determined by subtracting— (A) Direct liabilities of the NCUSIF and contingent liabilities for which no provision for losses has been made from (B) The sum of cash and the market value of unencumbered investments authorized under § 203 of the Federal Credit Union Act (12 U.S.C. 1783), to (ii) The aggregate amount of insured shares in all federally insured credit unions. (i) The amount determined by subtracting— (A) Direct liabilities of the NCUSIF and contingent liabilities for which no provision for losses has been made from (B) The sum of all one percent deposits made by federally insured credit unions pursuant to paragraph (c) of this section and the retained earnings balance of the NCUSIF, to (ii) The aggregate amount of insured shares in all federally insured credit unions. (c) (d) (2) (ii) If the equity ratio of the NCUSIF falls to between 1.0 and 1.2 percent, the NCUA Board is required to assess a premium in an amount it determines is necessary to restore the equity ratio to at least 1.2 percent, as provided for in the restoration plan adopted under Section 202(c)(2)(D) of the Act (12 U.S.C. 1782(c)(20)(D)). If the equity ratio of the NCUSIF falls below 1.0 percent, the NCUA Board is required to assess a deposit replenishment charge in an amount it determines is necessary to restore the equity ratio to 1.0 percent and to assess a premium charge in an amount it determines is necessary to restore the equity ratio to, at least 1.2 percent, as provid

official document · source cfr-2024 · id 12:§ 741.4