Corporate Asset Management Estates Recoveries and Claims - June 2021

^a Assets recovered or utilized to reduce fiduciary liabilities (not a current fiduciary asset).

^b Proceeds recovered from legacy assets formerly in NGN transactions. This line item was added to breakout these NGN legacy asset recoveries from the "Proceeds from Asset Sales, P&I Receipts and Other Recoveries" line item where the amounts were previously located.

^c Legal recoveries and related expenses net to a total recovery of $3.8 billion. More information is available on the "Legal Recoveries" section of the transparency website at www.ncua.gov. Differs to website by $61.194 million due to expenses netted off of gross recoveries.

^d Shown as a fiduciary asset/liability.

^e Not shown as a fiduciary asset/liability.

^f If depleted member capital is repaid by USC AME, a portion will be distributed to the other AMEs holding capital claims. The paid USC AME capital distributions in this line item are $6m for WSC AME, $24m for MUC AME, $21.1m for SWC AME, and $2.7m for CON AME.

^g Wescorp AME received recovery from the residual equity paid by Western Bridge.

^h Liabilities and expenses paid or netted against fiduciary assets (not a current fiduciary liability).

ⁱ This represents estimated expenses accrued for through the full resolution of the Asset Management Estates.

^j Outstanding NGN investors and trust expenses must be fully repaid at NGN maturity. NCUSIF provides this required funding and facilitates the return of each AME's NGN collateral. NCUA then considers available options to dispose of these legacy assets to satisfy the claims. Formerly securitized assets recovered and utilized to reduce these claims are located in line item 3.

^k These were paid for those AMEs where the General Creditors are next in line for payment before payment is made to lower level claims.

^l Amount of claims projected to be unpaid at the resolution of the estates.

^m Due to NCUSIF represents the assets recovered and utilized to reduce fiduciary liabilities (endnote a) less liabilities and expenses paid or netted against fiduciary assets (endnote h). Proceeds allocated at quarter-end result in a net due from balance for USC, MUC, and SWC AMEs for the period.

ⁿ There are no claims at the B3 and B8 payment priority levels.

^o AME obligations backed by the NCUA guarantee which were repaid, and for which the NCUA claims reimbursement.

^p Shares/certificates insured up to the insurance limit.

^q Depleted member and paid in capital; USC AME capital holders inclusive of AMEs.

^r Potential equity distribution to members at the conclusion of all liquidation activities.