NCUSIF and TCCUSFNCUSIF and TCCUSFNCUSIF and TCCUSFNCUSIF and TCCUSFStatisticsStatistics

JANUARY 31, 2011JANUARY 31, 2011(Preliminary/Unaudited)(Preliminary/Unaudited)

Mary Ann WoodsonMary Ann WoodsonChief Financial OfficerChief Financial OfficerNational Credit Union AdministrationNational Credit Union Administration

AGENDAAGENDA

I NCUSIFI. NCUSIF

II TCCUSFII. TCCUSF

2/16/2011 2

NCUSIFREVENUE AND EXPENSE

January 31 2011January 31, 2011(Preliminary & Unaudited)

(In Millions)

AnnualActual Budgeted Budget

Januaryg g

Gross Income: Investment Income 19.4 19.1 229.2 Other Income 0.0 0.0 0.3L ELess Expenses: Operating Expense 8.0 11.6 138.9 Insurance Loss Expense 0.0 54.2 650.0Net Income (Loss) 11 4 (46 7) (559 4)

2/16/2011 3Preliminary & subject to change

Net Income (Loss) 11.4 (46.7) (559.4)

NCUSIFI L EInsurance Loss Expense

And Changes to the ReservesJ 31 2011January 31, 2011

(Preliminary & Unaudited)

(I Milli )(In Millions)January Year-to-Date

Beginning Reserve Balance 1,263.1 1,263.1 Insurance Loss Expense - Natural Person CU - - Recoveries - Natural Person CU (2.2) (2.2) Less Charges - Natural Person CU 27.7 27.7 gEnding Reserve Balance 1,233.2 1,233.2

2/16/2011 4Preliminary & subject to change

TREASURY YIELD CURVE

5 56.0

Percent

4 04.55.05.5

JANUARY 31, 2011JANUARY 31, 2011

2 53.03.54.0

JANUARY 31, 2010JANUARY 31, 2010

1 01.52.02.5

0 50.00.51.0

DECEMBER 31, 2010DECEMBER 31, 2010

-0.51 DAY 3 MO 6 MO 1 YR 2 YR 3 YR 5 YR 10 YR 30 YR

2/16/2011 5

YIELD COMPARISONSJANUARY 31 2011JANUARY 31, 2011

8.0Percent

6.0

7.0

3 0

4.0

5.0 4.58%4.58%

1.0

2.0

3.02.14%2.14%

0.0

1.0

Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11

30 Y B d NCUSIF Yi ld 90 D T Bill

0.15%0.15%

30-Year Bond NCUSIF Yield 90-Day T- Bill

2/16/2011 6

1/31/2011 SIF Portfolio

Investment Balance: $10.365 Billion Weighted Average Life: 2.99 years

%

Maturity Schedule:

Weighted Average Yield: 2.14%

1 9702,500

nt 

845600

800

1,600 1,600 1,7001,970

250 250 250 250 250500

1,000

1,500

2,000

Maturing Investmen

Balance (M

illions)

Overnight 1m‐6m 6m‐1yr 1yr‐2yr 2yr‐3yr 3yr‐4yr 4yr‐5yr 5yr‐6yr 6yr‐7yr 7yr‐8yr 8yr‐9yr 9yr‐10yr

M

68.93%

87.94% 90.35% 92.76% 95.18% 97.59% 100.00%

80%

100%

olio 

8.15% 13.94%21.66%

37.10%52.53%

0%

20%

40%

60%

Overnight 1m‐6m 6m‐1yr 1yr‐2yr 2yr‐3yr 3yr‐4yr 4yr‐5yr 5yr‐6yr 6yr‐7yr 7yr‐8yr 8yr‐9yr 9yr‐10yrCumulative Po

rtfo

Percen

tage

7

Source: 1/31/2011 TAXLOT Report

g y y y y y y y y y y y y y y y y y y y

NCUSIF Equity Ratioq y1.26%1.26%1.26% 1.26%

1 26%

1.29%1.29%1.28% 1.28%

1.26%1.24%1.21%1.20%

1.18%1.18%

Capitalization deposit to be collected based on bi annual

8

Capitalization deposit to be collected based on bi-annual insured share adjustment

2/16/2011

Number of Problem Credit Unions CAMEL Code 4/5CAMEL Code 4/5

FY 06 – FY 11

300

350

400 351

368 369

200

250

300 240

211

271

100

150

200

0

50

Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Jan-11Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Jan 11

2/16/2011 9

Percent of CAMEL Code 4/5Shares to Total Insured Shares

Percent

Shares to Total Insured SharesFY 06 – FY 11

6.00

7.005.72

5.08 5 00

4.00

5.005.00

2.00

3.00

1 00 1 04

2.70

0.00

1.00

Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Jan 11

1.00 1.04

Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Jan-11

2/16/2011 10

CAMEL Code 4&5 ComparisonDecember 31, 2010 to January 31, 2011

CU Si b

>$1B $17.7$17.6

CU Size byTotal Assets

1010

$3 9

1010

$100M $500M

$500M-$1B

Jan-11

6666

$12.0

$3.9

$12

$3.9

5656

$10M-$100M

$100M-$500M Dec-10

132132127127 $4.2

$12.5

$4.3

5757

January 31, 2011 December 31, 2010

< $10M 163163 $0.4$0.4170170

y , ,Total Shares: $38.2 Billion $38.9 Billion Total Assets: $42.9 Billion $43.8 Billion

Total Shares in Billions$10 $15 $20$5 $30$25

2/16/2011 11

$0

Number of CAMEL Code 3 Credit UnionsCredit Unions FY 06 – FY 11

1 500

2,000

1,5171,403

1,5341,668

1,8271,819

1,000

1,500 ,

500

1,000

0 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Jan-11Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Jan 11

2/16/2011 12

Percent of CAMEL Code 3 Shares to Total Insured Shares

Percent

to Total Insured SharesFY 06 – FY 11

15 00

20.00 18.10 17.80

10 00

15.00

11.10

13.67

5.00

10.00

6.18 6.20

0.00Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Jan 11Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Jan-11

2/16/2011 13

CAMEL Code 3 ComparisonDecember 31, 2010 to January 31, 2011

$59 423CU Size by

Total Assets

$500M‐$1B

> $1B

$20 0

$59.6

$19.2

$59.42323

3233

Total Assets

$100M‐$500M

$500M $1B

$34.3

$20.0

$33.4Jan‐11

D 10

33

180185

$10M‐$100M $21.8

$2 7

$21.7Dec‐10

January 31, 2011 December 31, 2010Total Shares: $136 5 Billion $138 4 Billion

711712

873

$0 $10 $20 $30 $40 $50 $60 $70 $80

< $10M $2.7$2.7 Total Shares: $136.5 Billion $138.4 Billion

Total Assets: $154.5 Billion $156.7 Billion873874

Total Shares in Billions2/16/2011 14

Distribution of Assets in CAMEL C dCodes

0.97% 0.89% 0.87%

2 43%

93.86%

93.64%

93.68%

5.17%5.47%

5.44%9.90%

12.92% 12.94%13.24%

13.16% 13.68% 13.58%16.28% 16.60%17.62% 17.73% 17.73% 17.51% 17.34% 17.10%

2.43%

5.44% 5.38% 5.38% 5.35% 5.57% 5.75% 5.30% 5.04% 4.95% 5.01% 4.91% 4.80% 4.84% 4.75%

87.67%

81.64% 81.68% 81.37% 81.49% 80.75%80.68%

78.42% 78.36%77.43%

77.26% 77.36% 77.69% 77.82%78.15%78.15%

Dec‐05 Dec‐06 Dec‐07 Dec‐08 Dec‐09 Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11

CAMEL 4‐5 CAMEL 3 CAMEL 1‐2

152/16/2011

Number of Credit Union FailuresFY 02 – FY 11

60

40

28 28

20 15 13

2115 16

1218

0 02 03 04 05 06 07 08 09 10 11

0

02 03 04 05 06 07 08 09 10 11

2/16/2011 16JanDec

TEMPORARY CORPORATE CREDIT UNION STABILIZATION FUND

PRELIMINARY & UNAUDITED BALANCE SHEETPRELIMINARY & UNAUDITED BALANCE SHEETJanuary 31, 2011

ASSETS Jan 2011 Dec 2010INTRAGOVERNMENTALFund Balance with Treasury 500 007$ 500 080$Fund Balance with Treasury 500,007$ 500,080$ Investments in U.S. Treasury Securities, Net 371,903,000 372,210,913 Amount Due from NCUSIF 258,214 257,077

Total Intragovernmental Assets 372,661,221 372,968,070 PUBLICAccounts Receivable Due from AMEs 4,479,636 - Accounts Receivable Due from NGN Guarantee - 3,196,603 Accounts Receivable Due from TCCULGP - 623,520 Premium Assessment Receivable 583 1,720

Total Public Assets 4,480,219 3,821,844 TOTAL ASSETS 377,141,440$ 376,789,913$

LIABILITIESPUBLICAccounts Payable -$ 852,547$ Reserve for TCCUSGP 6,365,500,000 6,365,500,000

Total Public Liabilities 6,365,500,000 6,366,352,547 TOTAL LIABILITIES 6,365,500,000 6,366,352,547

NET POSITIONCumulative Result of Operations (5,988,358,560) (5,989,562,634)

Total Net Position (5,988,358,560) (5,989,562,634)

2/16/2011 17Preliminary & subject to change

TOTAL LIABILITIES AND NET POSITION 377,141,440$ 376,789,913$

TEMPORARY CORPORATE CREDIT UNION STABILIZATION FUND

STATEMENT OF NET COST January 31, 2011

(Preliminary & Unaudited)

Jan 2011 Dec 2010 CY to Date 2011Jan 2011 Dec 2010 CY to Date 2011

GROSS COSTSInterest Expense on Borrowings -$ 863,014$ -$ Operating Expense 544,786 1,767,420 544,786 p g p , , , ,

Total Gross Costs 544,786 2,630,434 544,786

LESS EARNED REVENUES Special Premium Assessment - 10,341 - Fee Revenue - TCCULGP - 623,520 - Interest Revenue - On Loan - 863,014 - Interest Revenue - Investments 41,746 23,261 41,746 Guaranty Fee Revenue - NGNs 1,707,114 7,889,037 1,707,114

Total Earned Revenues 1,748,860 9,409,173 1,748,860

TOTAL NET COST OF OPERATIONS (1,204,074)$ (6,778,739)$ (1,204,074)$

2/16/2011 18Preliminary & subject to change

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2/16/2011 19