At the end of each calendar year, the NCUA will calculate the equity ratio using the formula below for purposes of determining whether the NCUA Board must effect a distribution:
| Quarter-End | Calculation |
|---|---|
Quarter-End Calendar Year-end |
Calculation Actual 12/31 Retained Earnings + Actual 12/31 Contributed Capital1
Actual 12/31 Insured Shares2 |
In all cases, retained earnings are net of any direct liabilities of the Share Insurance Fund and contingent liabilities for which no provision has been made.
The calendar year-end equity ratio will be calculated once fourth quarter Call Reports are validated by the NCUA. If the statutory requirements for declaring a distribution are met, the amount of the distribution will be determined as described in the equity distributions This is an external link to a website belonging to another federal agency, private organization, or commercial entity. final rule (Opens new window) .
Interim Reporting
The NCUA will calculate the equity ratio two times each year – using actual June data and actual December data, as soon as validated insured shares data is available.3 This will be the official equity ratio used for purposes described above and for interim reporting, using the criteria in the following table:
| Reporting Period | March - August | September - February |
|---|---|---|
Reporting Period Numerator |
March - August Actual 12/31 retained earnings + Actual 12/31 contributed capital |
September - February Actual 6/30 retained earnings + Actual 6/30 contributed capital |
Reporting Period Denominator |
March - August Actual 12/31 insured shares |
September - February Actual 6/30 insured shares |
In all cases, retained earnings are net of any direct liabilities of the Share Insurance Fund and contingent liabilities for which no provision has been made.
Recently Reported Equity Ratio
| Reporting Period | Equity Ratio | Data as-of |
|---|---|---|
Reporting Period December 2024 |
Equity Ratio 1.30% |
Data as-of December 2024 |
Reporting Period June 2024 |
Equity Ratio 1.28% |
Data as-of June 2024 |
Reporting Period December 2023 |
Equity Ratio 1.30% |
Data as-of December 2023 |
Reporting Period June 2023 |
Equity Ratio 1.27% |
Data as-of June 2023 |
Reporting Period December 2022 |
Equity Ratio 1.30% |
Data as-of December 2022 |
Reporting Period June 2022 |
Equity Ratio 1.26% |
Data as-of June 2022 |
Reporting Period December 2021 |
Equity Ratio 1.26% |
Data as-of December 2021 |
Reporting Period June 2021 |
Equity Ratio 1.23% |
Data as-of June 2021 |
Reporting Period December 2020 |
Equity Ratio 1.26% |
Data as-of December 2020 |
Reporting Period June 2020 |
Equity Ratio 1.22% |
Data as-of June 2020 |
Reporting Period December 2019 |
Equity Ratio 1.35% |
Data as-of December 2019 |
Reporting Period June 2019 |
Equity Ratio 1.33% |
Data as-of June 2019 |
Reporting Period December 2018 |
Equity Ratio 1.39% |
Data as-of December 2018 |
Reporting Period June 2018 |
Equity Ratio 1.35% |
Data as-of June 2018 |
Reporting Period December 2017 |
Equity Ratio 1.46% |
Data as-of December 2017 |
Reporting Period September 2017 |
Equity Ratio 1.25% |
Data as-of June 2017 |
Footnotes
1 Actual retained earnings, defined as cumulative results of operations, excluding net cumulative unrealized gains and losses on investments and contributed capital using whole dollars from the trial balance that supports the Share Insurance Fund’s audited financial statements.
2 The aggregate amount of insured shares, using whole dollars, as reported by all insured credit unions on Form 5300 and 5310 Call Reports.
3 The available assets ratio will also be calculated twice per year using actual June data and actual December data for the numerator and denominator.