News releases & notifications
Board Approves Premium Accrual Rates for 2026
February 11, 2026
Memorandum
The Farm Credit System Insurance Corporation (Corporation or FCSIC) Board has approved an insurance premium assessment accrual rate on adjusted insured debt of 10 basis points for 2026, the same premium rate as in 2024 and 2025. The Board also approved continuing the assessment of a 10 basis point surcharge on nonaccrual loans and other-than-temporarily impaired investments.
Read the full press release here (PDF)
FCSIC board votes to return excess funds to Farm Credit System banks
February 11, 2026
For Immediate Release
NR 26-01 (02-11-26)
McLEAN, Va., Feb. 11, 2026 — Today, the Farm Credit System Insurance Corporation board of directors voted to approve a payment of approximately $223.9 million in excess insurance funds to Farm Credit System banks.
Read the full press release here (PDF)
FCSIC Notice of Regular Board Meeting February 11, 2026
January 30, 2026
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the February 11, 2026 Board meeting (PDF).
FCSIC Notice of Regular Board Meeting December 10, 2025
December 01, 2025
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the December 10, 2025 Board meeting (PDF).
FCSIC Notice of Regular Board Meeting October 8, 2025
September 25, 2025
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the October 8, 2025 Board meeting (PDF).
FCSIC Board of Directors Approves the Mid-Year 2025 Premium Review - July 10, 2025
July 14, 2025
At its July meeting, the Insurance Corporation’s Board of Directors voted to maintain the insurance premium accrual assessment rate on Systemwide adjusted insured debt at 10 basis points for the remainder of the year. We believe that maintaining the insurance premium assessment rate at 10 basis points is prudent and will allow the Insurance Fund to reach the required 2 percent target at year-end based on anticipated growth of insured debt. In addition, the board has decided to continue assessing 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.
Read the full news release (PDF)
FCSIC Notice of Regular Board Meeting July 9, 2025
June 26, 2025
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the July 9, 2025 Board meeting (PDF).
2024 FCSIC Annual Report is available
May 30, 2025
The 2024 FCSIC Annual Report is available for download from the Annual Reports page.
FCSIC Notice of Regular Board Meeting April 9, 2025
March 26, 2025
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the April 9, 2025 Board meeting (PDF).
FCSIC board of directors votes to return excess funds to Farm Credit System banks
March 12, 2025
For Immediate Release
Contact: Andrew Grimaldi, 703-883-4383
McLEAN, Va., March 12, 2025 — The Farm Credit System Insurance Corporation board of directors has approved a payment of approximately $76.6 million in excess insurance funds to Farm Credit System banks.
By law, the Farm Credit Insurance Fund, which FCSIC administers, must maintain a “secure base amount” equal to 2% of the adjusted outstanding insured obligations of the Farm Credit System. At the end of each year, FCSIC is required to transfer any amount over the secure base amount (after deducting its operating expenses and current insurance obligations) to “allocated insurance reserves accounts” — one for each bank that pays premiums into the Farm Credit Insurance Fund. However, the FCSIC board has the authority to hold the excess funds if conditions warrant doing so.
Premium accrual rates for 2025 were previously set by the board in February at 10 basis points, which is below the maximum premium rate of 20 basis points. FCSIC estimates that the 10 basis points will allow the System to grow up to 9% in 2025 and still allow the Insurance Fund to end 2025 above the secure base amount. Since premiums will accrue at a level below the maximum and the board will review premium rates later in the year, the board believes that the Insurance Fund will likely stay above the secure base amount in 2025. It has also determined that there are no current insurance obligations and that losses to the Insurance Fund are unlikely at this time.
The total amount over the secure base amount at December 31, 2024, was $81.9 million. After subtracting $5.3 million for the corporation’s 2025 operating funds, FCSIC transferred approximately $76.6 million to the allocated insurance reserves accounts, and the FCSIC board has now voted to return the approximately $76.6 million in excess funds to the System banks.
Year-end audit results
Sikich, FCSIC’s independent audit firm, recently completed its year-end review of the corporation’s financial statements and has issued an unqualified or clean opinion. The auditor found no material weaknesses or deficiencies. This is the 35th consecutive year FCSIC has received an unqualified or unmodified opinion on its financial statements.
Sikich also conducted testing on the effectiveness of FCSIC’s internal control over financial reporting and issued an opinion that it was effective.
FCSIC is managed by a three-member board of directors. In addition to Chairman Glen Smith, Jeffery Hall and Vincent Logan serve as members of the board.