Friday, March 18, 2011

Credit Union Foreclosures

At the end of 2010, NCUA reported that federally-insured credit unions held slightly more than $1.6 billion in foreclosed real estate as of the end of 2010 -- up 39.1 percent from 2009.

The credit union with the most foreclosed real estate is Texans Credit Union in Richardson, Texas. It was holding $93 million at the end of 2010.

The following table lists the 40 credit unions with the most foreclosed real estate (click on image to enlarge). The table includes the number of foreclosed properties, the dollar volume, and the net worth of both federally-insured and privately-insured credit unions.

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