Wednesday, January 26, 2011

SNL Publishes Two Part Series on Credit Union Failures

SNL Financial (Charlottesville, Virginia) recently published a two part series on credit union failures.

While there have been fewer credit union failures than bank failures since the beginning of 2009, the credit union industry saw a higher proportion of its assets fail. This higher proportion of assets in failed credit union is attributable to the conservatorship of the largest corporate credit unions.

The first article examined the failures of consumer credit unions. (click here to read) The second article looked at the failures of corporate credit unions. (click here to read)

Permission to link to the articles granted by SNL Financial.
Posted by at
Labels:

1 comment:

  1. AnonymousJanuary 26, 2011 at 12:23 PM

    For comparison purposes, one needs to factor in the "too big to fail" mega banks that would have failed but got bailed out by the U.S. tax payer. When those assets are actually counted, the comparison tilts way over to the baking side of the ledger.

    ReplyDelete

Subscribe to: Post Comments (Atom)
 

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.