# Presentation: 672344

## Dennis C. Winans
National Credit Union Administration
Office of the Chief Financial Officer

**National Credit Union Administration**
**Office of the Chief Financial Officer**

- NCUSIF Year-end StatisticsDecember 31, 2006

## GROSS INCOMEDecember 05 – December 06

**GROSS INCOME****December 05 – December 06**

**    ****|  05     |                                                      06                                                        |**

## GROSS INCOMEFY 97 – FY 06

**GROSS INCOME****FY 97 – FY 06**

## OPERATING EXPENSES December 05 – December 06

**OPERATING EXPENSES**** December 05 – December 06**

**    ****|   05   |                                                         06                                                       | **

## OPERATING EXPENSESFY 97 – FY 06

**OPERATING EXPENSES****FY 97 – FY 06**

## INSURANCE LOSS EXPENSE December 05 – December 06

**INSURANCE LOSS EXPENSE**** December 05 – December 06**

** ****|   05     |                                                        06                                                        |**

**      ****Dec      Jan     Feb     Mar     Apr     May     Jun     Jul      Aug     Sep    Oct      Nov     Dec**

## INSURANCE LOSS EXPENSE  FY 97 - FY 06

**Insurance Loss Expense (Millions)**

**Losses Per $1,000**

**Notes:**
Relationship of Insurance Loss expense to loss per $1,000 of insured shares - 
 In 2003, total insurance loss expense was $38 million, which equaled 8 cents per $1000 of insured shares.  Back in 1991, total insurance loss expense was $163 million or 83 cents per $1000 of insured shares.
(Blue is amount of losses, yellow is losses per $1000.)
No losses from 1995 – 2001, however, we did have CU failures whose cost were charged against the existing reserve balance.

## Net IncomeFY 97 – FY 06

**Net Income****FY 97 – FY 06**

## REVENUE AND EXPENSE December 31, 2006

## TREASURY YIELD CURVE

**4 WEEKS AGO**

**DECEMBER 31, 2006**

**ONE YEAR  AGO**

**Percent**

## YIELD COMPARISONS

**DECEMBER 31, 2006**

**4.81%**

**4.34%**

**  ****5.01%**

**Percent**

## MATURITY SCHEDULEDECEMBER 31, 2006

## NCUSIF EQUITY RATIOFY 97 – FY 06

**NCUSIF EQUITY RATIO****FY 97 – FY 06**

**Notes:**

This graph compares the Fund’s equity ratio over past 11 years.  1995 – 2000 - years of low share growth /no insurance losses – paid dividends.

## NCUSIF EQUITY RATIOProjected FY 07

**NCUSIF EQUITY RATIO****Projected FY 07**

**Notes:**
Projections for 2004 – Includes modest share growth at 7.5% & $15 million in insurance loss expense.
Of course this projection is subject to many variables, such as insured share growth, insurance loss expense, and the outlook for code 4&5 credit unions.  I’ll be monitoring the equity ratio status closely during 2004, and if it is projected to be below 1.25% at year-end, various options will be to be considered, one of which is an insurance premium assessment to bring it back to 1.3%.
Since we don’t have the actual amount of insured shares for 2003 and because of the many variables, it is too early now to make a determination now on any premium action for 2004.

## Share Growth to Insured Shares and Deposits

**Insured Shares (Billions)**

**Percent Change**

## Number of Problem Credit Unions CAMEL Code 4/5 Credit UnionsFY 97 – FY 06

**Number of Problem Credit Unions ****CAMEL Code 4/5 Credit Unions****FY 97 – FY 06**

## Percent of CAMEL Code 4/5Shares to Total Insured SharesFY 97 – FY 06

**Percent of CAMEL Code 4/5****Shares to Total Insured Shares****FY 97 – FY 06**

**Actual**
**Projected**

## Number of Credit Union FailuresFY 97 – FY 06

**Number of Credit Union Failures****FY 97 – FY 06**

## Slide 19