NCUSIF Not Adversely Affected by Puerto Rico Default
NCUA reports that Puerto Rico’s default on Monday on $72 billion in public debt does not pose any material risk to the share insurance fund. Although the public debt, which is held by local investors including the 12 federally insured credit unions headquartered there, the small percentage of ownership by the credit unions would have a minimal impact on the NCUSIF. [8/5/15]