By Ray Birch
ALEXANDRIA, Va.—Four credit unions failed in the second quarter of 2025, costing the Share Insurance Fund $17 million, the NCUA reported at its open board meeting Thursday.
Chairman Kyle Hauptman asked Acting CFO Melissa Lowden to share takeaways for the industry.
“It's lessons learned,” Hauptman said, inviting Lowden to highlight common themes.
Lowden noted that while each institution’s circumstances varied, the failures shared key underlying issues: risk management weaknesses, operational deficiencies, persistent net losses, high operating expenses, and governance and leadership challenges.
“Enhancing risk management practices, improving operational efficiencies, and ensuring robust leadership could help mitigate these risks and decrease the likelihood of future failures,” she said.
Hauptman also reminded attendees and viewers that the agency publishes “lessons learned” resources on its website.