Friday, December 27, 2013

Undercapitalized Credit Unions, Q3 2013

At the end of the third quarter of 2013, there were 68 credit unions that were undercapitalized. This is down from 82 credit unions as of June 2013 and 104 credit unions from a year ago.

Three credit unions were critically undercapitalized and 13 credit unions were significantly undercapitalized, as of September 30th.

In addition, several complex credit unions were classified as undercapitalized because their risk-based net worth ratios exceeded their net worth ratios.

2 comments:

  1. I see Texans is still on the list. Whatever has happened to the 60M from the NCUA? If you count that, they have negative capital

    ReplyDelete
  2. So why doesn't the NCUA just shut down these poorly performing credit unions? Instead they permit them to bleed out until they become a financial drain and a burden on the entire industry. Consistent negative earnings. Consistent decline in net worth ratios. Do we see a trend? NCUA = Not Credit Union Accountable

    ReplyDelete

 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.