NCUSIF Financial StatisticsReceivable from NPCU Asset Management Estates, Net 342.8 382.4 Receivable...
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NCUSIF Financial Statistics For the Quarter Ended September 30, 2019 Rendell L. Jones, CFO Office of the Chief Financial Officer
Transcript of NCUSIF Financial StatisticsReceivable from NPCU Asset Management Estates, Net 342.8 382.4 Receivable...
NCUSIF Financial Statistics
For the Quarter EndedSeptember 30, 2019
Rendell L. Jones, CFOOffice of the Chief Financial Officer
NCUSIF Revenue and Expense
NCUSIF Third Quarter 2019 Statistics 2
September 30, 2019PRELIMINARY & UNAUDITED(In Millions)
Quarter EndedSeptember 30, 2019
Year-to-DateSeptember 30, 2019
Gross Income:
Investment Income $76.9 $230.9 Guarantee Fee Revenue 3.2 10.3Other Income - 0.4
Total Income $80.1 $241.6Less Expenses:
Operating Expenses $48.2 $143.5 Provision for Insurance Losses:
Reserve Expense 5.1 39.4 NPCU AME Loss Expense (Reduction) 22.7 3.4Corporate AME Loss Expense (Reduction) (19.9) (63.9)Total Expenses $56.1 $122.4
Net Income (Loss) $24.0 $119.2
NCUSIF Summary Balance Sheets
NCUSIF Third Quarter 2019 Statistics 3
PRELIMINARY & UNAUDITED(In Millions) September 30, 2019 June 30, 2019
Assets
Fund Balance with Treasury and Investments $15,429.6 $15,378.3 Capitalization Deposits Receivable 549.6 -Receivable from NPCU Asset Management Estates, Net 342.8 382.4 Receivable from Corporate Asset Management Estates, Net 316.5 266.9Accrued Interest and Other Assets 77.9 70.7 Total Assets $16,716.4 $16,098.3
Liabilities and Net Position
Accounts Payable and Other Liabilities $22.2 $4.3 Insurance and Guarantee Program Liabilities 115.9 111.9 Net Position – Capital Deposits 11,952.0 11,412.3 Net Position – Cumulative Results of Operations 4,626.3 4,569.8 Total Liabilities and Net Position $16,716.4 $16,098.3
September 30, 2019
NCUSIF - Insurance and Program Guarantee Liabilities
NCUSIF Third Quarter 2019 Statistics 4
September 30, 2019
PRELIMINARY & UNAUDITED Quarter Ended Year-To-Date
(In Millions) September 30, 2019 September 30, 2019
Beginning Reserve Balance: $ 111.9 $ 119.1
Reserve Expense 5.1 39.4
Charges for Assisted Mergers - -
Charges for Liquidations (1.1) (42.6)
Ending Reserve Balance $115.9 $115.9
* This table shows only NPCU Insurance and Program Guarantee Liabilities.
NCUSIF Portfolio
NCUSIF Third Quarter 2019 Statistics 5
September 30, 2019
NCUSIF Equity Ratio
NCUSIF Third Quarter 2019 Statistics 6
CY 2013 – CY 2019
CAMEL Code 4/5 CUs with Percent to Total Insured Shares
NCUSIF Third Quarter 2019 Statistics 7
CY 2014 – CY 2019
276 220 196 196 193 202 204 200
1.13%
0.80%0.83%
0.80%
0.93% 0.91%
0.82% 0.84%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
0
50
100
150
200
250
300
350
400
450
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19
% to
Tot
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d Sh
ares
Num
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/5 C
Us
CAMEL Code 4/5 Comparison
NCUSIF Third Quarter 2019 Statistics 8
June 30, 2019 to September 30, 2019
Total Shares in Billions
$0.3
$2.4
$2.9
$4.2
$0.3
$2.4
$3.2
$4.2
103
79
19
3
99
79
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3
0 100
$0.0 $2.5 $5.0 $7.5 $10.0
<$10M
$10M to$100M
$100M to$500M
>$500M
Sep-19
Jun-19
Credit Union Size By Total Assets
June 30, 2019 September 30, 2019Total Shares: $ 9.8 Billion $ 10.1 Billion Total Assets: $ 11.0 Billion $ 11.2 Billion
CAMEL Code 3 CUs with Percent to Total Insured Shares
NCUSIF Third Quarter 2019 Statistics 9
CY 2014 – CY 2019
1,411 1,261 1,123 1,072 940 905 872 861
9.44%
8.25%
7.67%
4.54%3.99%
3.80% 3.68% 3.16%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
0
500
1,000
1,500
2,000
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% to
Tot
al In
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d Sh
ares
Num
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f CAM
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CU
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CAMEL Code 3 Comparison
NCUSIF Third Quarter 2019 Statistics 10
June 30, 2019 to September 30, 2019
Total Shares in Billions
$1.3
$11.7
$17.0
$6.0
$8.0
$1.3
$11.4
$15.4
$5.6
$4.1
407
358
91
11
5
413
351
84
10
3
0 100
$0 $20 $40
<$10M
$10M to$100M
$100M to$500M
$500M to $1B
> $1B
Sep-19
Jun-19
Credit Union SizeBy Total Assets
June 30, 2019 September 30, 2019Total Shares: $ 44.0 Billion $ 37.7 Billion Total Assets: $ 50.4 Billion $ 43.4 Billion
Credit Union SizeBy Total Assets
Distribution of Assets in CAMEL Codes
NCUSIF Third Quarter 2019 Statistics 11
CY 2014 – CY 2019
Areas are not to scale.
90.4% 91.7% 92.3% 95.2% 95.6% 95.7% 96.0% 96.4%
8.6% 7.6% 6.9% 4.1% 3.6% 3.5%3.3% 2.9%
1.0% 0.7% 0.8% 0.7% 0.8% 0.8% 0.7% 0.7%
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19
CAMEL 1-2 CAMEL 3 CAMEL 4-5
Number of Credit Union Failures Incurring a Loss to the Share Insurance Fund
NCUSIF Third Quarter 2019 Statistics 12
CY 2014 – CY 2019
15
16
1410
8
2
$181.85 $158.07
$17.35
$180.91
$1,568.10
$23.35
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
0
2
4
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2014 2015 2016 2017 2018 2019
Tota
l Ass
ets (
in M
illio
ns)
Num
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f Cre
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nion
Fai
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s
Number of Credit Union Failures
Total Assets (in millions)
Office Contact Page
NCUSIF Third Quarter 2019 Statistics 13
Feel free to contact our office with questions or comments.
Primary Staff: Rendell L. Jones, [email protected]
Office Phone: 703-518-6570
APPENDICES
NCUSIF Third Quarter 2019 Statistics 14
Appendix I - Yield Comparisons
NCUSIF Third Quarter 2019 Statistics 15
September 30, 2019Yield
1.68%
1.94%1.88%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19
10 Year Bond NCUSIF Yield 90 Day T-Bill
Appendix II – Distribution of Assets in CAMEL Codes
NCUSIF Third Quarter 2019 Statistics 16
CY 2006 – CY Q3 2019
93.6%93.7% 87.7% 81.6% 78.1% 82.8% 86.8% 88.4% 90.4% 91.7% 92.3% 95.2% 95.6% 95.7% 96.0% 96.4%
5.5%5.4% 9.9% 12.9% 17.1%14.3% 11.4% 10.3% 8.6% 7.6% 6.9% 4.1% 3.6% 3.5% 3.3% 2.9%0.9%0.9% 2.4% 5.5% 4.8% 2.9% 1.8% 1.3% 1.0% 0.7% 0.8% 0.7% 0.8% 0.8% 0.7% 0.7%
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19
CAMEL 1-2 CAMEL 3 CAMEL 4-5
