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)
Wonder if it would be possible to create an unofficial list of problem credit unions similar to what CalculatedRiskBlog.com does with problem banks?
ReplyDeleteDidn'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.
ReplyDeleteGeorge:
ReplyDeleteUnfortunately, NCUA and most other credit union regulators are not making public enforcement actions against credit unions.