NCUA: Assets and Shares in Problem CUs Up in May

NCUA reported today that the number of problem credit unions fell in May by 6 to 351 credit unions. However, the percentage of insured shares (deposits) in problem credit unions rose by 29 basis points in April to 6.23 percent.


NCUA defines a problem credit union as a credit union with a CAMEL 4 or 5 rating.

NCUA reported that problem credit unions held $45.3 billion in shares (deposits) and assets of $51.6 billion -- an increase of $2.4 billion in May.

In its monthly NCUSIF report, NCUA noted that 15 credit unions with $1 billion or more in assets are on its problem list and hold $23.4 billion in shares. There is an additional 65 credit unions with between $100 million and $1 billion in assets on the problem list holding $17.6 billion in shares.