A problem credit union is defined as a credit union with a CAMEL 4 or 5 rating.
The number of problem credit unions fell by 40 during 2012 to 369 credit unions and by 13 during the fourth quarter.
- 4 credit unions with $1 billion or more in assets on the problem CU list, down from 7 a year earlier;
- 3 credit unions with between $500 million and $1 billion in assets, down from 4;
- 25 credit unions with between $100 million and $500 millionin assets, down from 26;
- 131 credit unions with between $10 million and $100 million in assets, down from 156; and
- 206 credit unions with under $10 million in assets, up from 196.
Assets fell from $29.4 billion at the end of 2011 to $19 billion at the end of 2012. In other words, 1.8 percent of the industry's assets were in CAMEL 4 or 5 institutions.
Shares dropped from $26.3 billion to $16.9 billion over the same time period. At the end of 2012, 2.02 percent of all insured shares were in problem credit unions. This was down 80 basis points from the third quarter and 129 basis points from a year ago.