The National Credit Union Administration announced Thursday that it has added eight credit unions to its troubled-institution list and set aside another $170 million to cover losses at credit unions.
The commitment of reserves reduced the reserve ratio of the National Credit Union Share Insurance Fund and, with two other negative indicators, point to a larger premium assessment this year, agency officials said during a monthly board meeting.
The NCUA had budgeted $750 million for losses at credit unions, but the additional commitment of reserves increased that amount to $896 million.
