News releases & notifications
FCSIC Board of Directors Approves the Mid-Year 2021 Premium Review
June 17, 2021
At its June meeting, the Insurance Corporation's Board of Dircetors voted to maintain the insurance premium assessment rate on adjusted insured debt at 16 basis points for the remainder of the year. Download the entire premium review here.
FCSIC’s independent auditor has issued an unmodified opinion for our 2020 Audited Financial Statements.
February 19, 2021
Download FCSIC’s 2020 Audited Financial Statements. (PDF)
FCSIC Chief Operating Officer Rick Pfitzinger announces retirement; board names Howard Rubin as successor
February 18, 2021
McLEAN, Va., Feb. 26, 2021 — The Farm Credit System Insurance Corporation announced the retirement of Rick Pfitzinger, its chief operating officer since 2018. Mr. Pfitzinger is retiring on Feb. 27 after 33 years of service in the federal government. To help with the transition, he will work for FCSIC on a temporary basis as a part-time adviser after his retirement. Read the entire news release.
Board Approves Premium Rates for 2021
January 28, 2021
The Farm Credit System Insurance Corporation's Board has approved an insurance premium assessment rate on adjusted insured debt of 16 basis points for 2021. The board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than temporarily impaired investments. Read the entire notification. (PDF)
2021 Projected Premium Rate Range - 9 to 12 basis points
September 25, 2020
At its September meeting, the Farm Credit System Insurance Corporation's Board of Directors reviewed the status of the Farm Credit Insurance Fund (Insurance Fund) and projections for the likely level of premium rates for 2021. Read the entire notification. (PDF)
FCSIC 2019 Annual Report Available
July 20, 2020
FCSIC's 2019 Annual Report is available.
FCSIC votes to increase premium rate for the rest of 2020
June 30, 2020
At its June meeting, the Insurance Corporation's Board of Directors voted to increase the insurance premium assessment rate on adjusted insured debt from 8 basis points to 11 basis points starting in July 2020 and for the remainder of the year.
Read the entire notification (PDF).
FCSIC Votes to Return Excess Funds to Farm Credit Institutions
March 16, 2020
The board of directors of the Farm Credit System Insurance Corporation approved a payment on March 12 of $62.7 million in excess insurance funds to Farm Credit System banks.
Read the entire notification (PDF).
FCSIC Board Approves Premium Rates for 2020
January 30, 2020
At FCSIC’s board meeting on January 30, 2020, the Farm Credit System Insurance Corporation’s Board has approved an insurance premium assessment rate on adjusted insured debt of 8 basis points for 2020. The board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.
Read the entire notification (PDF).
FCSIC Board Provides Premium Rate Guidance for 2020
September 19, 2019
At FCSIC’s board meeting on September 19, 2019, the Farm Credit System Insurance Corporation’s Board of Directors reviewed the status of the Farm Credit Insurance Fund and projections for the likely level of premium rates for 2020. The Board concluded that the projected premium range for 2020 is 7 to 10 basis points.
Read the entire notification (PDF).