If the fund needs more money, the NCUA Board can charge credit unions an additional premium. But credit unions are so healthy they've only needed to pay one premium since 1985. Other deposit insurers receive funding only from annual industry premiums, not from a fixed deposit to the funds. And that's never happened. Your credit union's safety net is its capital - the sum of undivided earnings, regular reserves, and other reserves.
All financial institutions retain some earnings as a cushion.
Throughout the years credit unions have helped members cope with economic challenges. If you want your credit union to remain strong, there's no better guarantee of security than to become active in it's affairs. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form. Use of this site signifies your agreement to the terms of use.