Thursday, May 20, 2010

NCUA: Assets in Problem Credit Unions Increase in April

NCUA reported that the number of problem credit unions (credit unions with a CAMEL ratings of 4 or 5) increased in April by 8 to 357 credit unions.

Assets in problem credit unions increased by $1.9 billion in April to $49.2 billion.

Additionally, the percentage of insured shares (deposits) in problem credit unions rose by 26 basis points in April to 5.94 percent. NCUA reported that problem credit unions held $43.2 billion in shares (deposits).

The following image shows the number of problem credit unions by asset size and the amount of shares held by these credit unions. There are 14 credit unions with $1 billion or more in assets on the problem credit union list. These credit unions hold $21 billion in shares or just slightly below half of all shares in problem credit unions.

1 comment:

  1. I think we can all agree on one thing looking at these slides: the NCUA is awful with PowerPoint.



The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.