NGN Program

On June 14, 2021, the final NGN tranche (NGN 2011-M1 A5) matured with all noteholders being fully repaid. While the remainder of the legacy assets still must be liquidated, changes in the value of the legacy assets will not have a material effect on the NCUA’s projected receivable from the asset management estates and the Share Insurance Fund’s equity ratio. The table below will no longer be updated.

Receivable from Estates and Equity Ratio Change

Scenario June 30, 2021 December 31, 2020 June 30, 2020 December 31, 2019 June 30, 2019 December 31, 2018 June 30, 2018 December 31, 2017 March 31, 2017
Base $0.4 billion $0.8 billion $0.1 billion $0.3 billion $0.3 billion $0.3 billion $0.3 billion $0.5 billion $2.0 billion
Adverse1 $0.3 billion $0.6 billion $0.0 billion $0.1 billion $0.1 billion $0.1 billion $0.1 billion $0.3 billion $1.6 billion
Receivable Change $0.1 billion $0.2 billion $0.1 billion $0.2 billion $0.2 billion $0.2 billion $0.2 billion $0.2 billion $0.4 billion
Equity Ratio Change 1 bps 2 bps 1 bp 2 bps 2 bps 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.

Last modified on
03/08/22