Cleveland Fed: CU Industry Health Appears to Be Good

The Federal Reserve Bank of Cleveland recently published a paper on the health of federally-insured credit unions.

The paper concludes that

"the health of the credit union industry appears to be good. Capital as a percent of assets stands at 10.1 percent at midyear 2011. On the other hand, asset quality, while improving, continues to be a concern. Delinquent loans as a share of total loans has improved, falling from a peak of 1.84 percent in 2009 to 1.58 percent at midyear 2011—well above the pre-financial-crisis loan-delinquency rate of 0.68 percent at the end of 2006."

Read the paper.