Minority CUs More Likely to be Problem CUs

Problem credit unions are disproprtionately minority credit unions.

A problem credit union has a CAMEL rating of 4 or 5.

According to a report issued by NCUA's Office of Minority & Women Inclusion, there were 805 credit unions (12 percent of the all federally insured credit unions) as of mid-year 2013 that self-identified as a minority financial institution.

The report noted that 107 minority credit unions had a CAMEL composite rating of 4 or 5.

As of June 30, 2013, there were 330 credit unions with a CAMEL rating of 4 or 5.

So while minority credit unions account for only 12 percent of all federally insured credit unions, they accounted for almost one-third (32.42 percent) of all troubled credit unions.