NGN Program

With the transfer of the Temporary Corporate Credit Union Stabilization Fund’s remaining assets, property and other assets into the National Credit Union Share Insurance Fund, changes in the value of the NGNs and the underlying legacy assets will now affect the NCUA’s projected receivable from the asset management estates and the Share Insurance Fund’s equity ratio, as shown in the table below.

Receivable from Estates and Equity Ratio Change

Scenario December 31, 2018 June 30, 2018 December 31, 2017 March 31, 2017
Base $0.3 billion $0.3 billion $0.5 billion $2.0 billion
Adverse1 $0.1 billion $0.1 billion $0.3 billion $1.6 billion
Receivable Change $0.2 billion $0.2 billion $0.2 billion $0.4 billion
Equity Ratio Change 2 bps 2 bps 2 bps 4 bps

The NCUA will continue to report the NGN and legacy asset data at the link below.


1 The adverse scenario represents a moderate recession.