Below is the list of undercapitalized credit unions with net worth ratio, net worth classification, net worth, and assets. (click to enlarge images)
Friday, December 9, 2011
Undercapitalized Creit Unions, September 2011
At the end of the third quarter, 165 credit unions were designated as being undercapitalized. These undercapitalized credit unions held slightly more than $9.7 billion in assets.
Below is the list of undercapitalized credit unions with net worth ratio, net worth classification, net worth, and assets. (click to enlarge images)
Below is the list of undercapitalized credit unions with net worth ratio, net worth classification, net worth, and assets. (click to enlarge images)
A few at the end have over a 7% net worth (even over 8%). You need to check your work.
ReplyDeleteDear Anonymous:
ReplyDeleteThe Federal Credit Union Act also subjects complex credit unions to risk-based net worth requirements. While the leverage ratio is in excess of 7 percent, these credit unions were not in compliance with the minimum amount of risk-based net worth they need to hold.
For exaample, the risk-based net worth requirement for Archer Cooperative FCU was 8.54 percent. This exceeded its net worth ratio of 8.31 percent. So, the credit union was deemed to be undercapitalized by NCUA.