The number of problem credit unions, as well as assets and shares (deposits) in problem credit unions, increased during the second quarter of 2012.
A problem credit union has a CAMEL Rating of 4 or 5.
NCUA reported that the number of problem credit unions grew by 3 to 399 credit unions during the second quarter. However, this is ten credit unions fewer than at the end of 2011.
Total shares in problem credit unions increased by $3.1 billion during the second quarter to $26.8 billion in shares. As of June 30, 2012, problem credit unions held 3.20 percent of all credit union insured shares.
In addition, assets in problem credit unions increased by more than 12 percent during the quarter to $30 billion.
One large credit union with approximately $4 billion in shares was the primary contributor to the increase in shares and assets held by problem credit unions during the second quarter of 2012.
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