Thursday, February 18, 2010

Problem CU Update

NCUA today released new figures on the number of problem credit unions, credit unions with CAMEL 4 and 5 ratings.

The number of problem credit unions grew by 6 in January to 357. Over the last twelve months, problem credit unions increased by 80. (click image to enlarge)

Assets in problem credit unions were $48.3 billion in January.

Shares (deposits) in problem credit unions were $42 billion. As a result, the percentage of insured shares (deposits) in problem credit unions was 5.82 percent. (click to enlarge)

NCUA is reporting that at the end of 2009, there were 9 credit unions with over $1 billion in assets on the problem list with $15.8 billion in shares. Eleven credit unions holding $500 million to $1 billion in assets were on the problem list. For credit unions between $100 million and $500 milion in assets, there were 57 credit unions on the problem list. (click to enlarge)
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3 comments:

  1. GeorgeFebruary 23, 2010 at 8:20 PM

    Wonder if it would be possible to create an unofficial list of problem credit unions similar to what CalculatedRiskBlog.com does with problem banks?

    ReplyDelete
  2. AnonymousFebruary 23, 2010 at 8:35 PM

    Didn't the FDIC announce that more than 700 banks are on its "troubled" list? Isn't the Bank Insurance Fund $21 billion in the red? in the hole? in deficit? Looks like another taxpayer bailout for the FDIC on the horizon to this commentor.

    ReplyDelete
  3. Keith LeggettFebruary 24, 2010 at 7:32 AM

    George:

    Unfortunately, NCUA and most other credit union regulators are not making public enforcement actions against credit unions.

    ReplyDelete

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