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.
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.
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