News releases & notifications
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).
FCSIC 2018 Annual Report
July 11, 2019
Read the entire report (PDF).
FCSIC Board Approves the Mid-Year 2019 Premium Rates
June 13, 2019
At FCSIC’s board meeting on June 13, 2019, the Farm Credit System Insurance Corporation’s Board of Directors voted to maintain the insurance premium assessment rate on adjusted insured debt at 9 basis points for the remainder of the year. The board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than-temporarily impaired investments. FCSIC Board of Directors plans to meet in September 2019 to review the status of the Insurance Fund and projections for the likely level of premium rates for 2020.
Read the entire notification (PDF).
FCSIC June 13, 2019 Regular Board Meeting Notice
June 03, 2019
Notice of regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation
NOTICE IS HEREBY GIVEN THAT, in accordance with the provisions of Article VI of the Bylaws of the Farm Credit System Insurance Corporation a regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation will be held June 13, 2019, at 2:00 p.m., at the office of the Farm Credit System Insurance Corporation, in the Farm Credit Administration Board Room.
Read the entire notification (PDF).
FCSIC board votes to return excess funds to Farm Credit institutions
March 14, 2019
McLEAN, Va., March 14, 2019 — The Farm Credit System Insurance Corporation board of directors approved a payment of $66.1 million in excess insurance funds to Farm Credit System banks.
Read the entire notification. (PDF)