Statement
from NCUA Chairman Todd M. Harper
(March 13, 2023) – The credit union
system remains well-capitalized and on a solid footing. The National Credit
Union Administration continues to monitor credit union performance through both
the examination process and offsite monitoring, and it will continue to do so
into the future.
Credit
unions have access to a wide range of liquidity sources. The NCUA, along with its Central Liquidity Facility, is able to
provide a back-up source of liquidity to member credit unions as needed.
The
agency continues to coordinate with the other federal financial institution
regulators to ensure the continued resiliency of the American financial
services system.
As
always, the NCUA is committed to the protection of credit union members and the
safety and soundness of the credit union system overall. No one has ever lost a
single penny of insured share deposits within the credit union
system.
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