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.