The National Credit Union Administration (NCUA) reported that the number of problem credit unions fell by 10 during the fourth quarter to 307 credit unions.
A problem credit union has a CAMEL rating of 4 or 5.
Problem credit unions had $13.8 billion in assets and $12.1 billion in shares (deposits). Problem credit unions held 1.40 percent of the industry’s total insured shares and 1.3 percent of the industry’s assets at the end of 2013.
According to NCUA, the number of problem credit unions with at least $1 billion in assets was 3 at the end of 2013, down from 4 a year earlier. Deposits at problem credit unions with at least $1 billion in assets fell from $7 billion at the end of 2012 to $2.9 billion at the end of 2013.
Problem credit unions with between $500 million and $1 billion in assets were 4, up from 3 a year earlier. Deposits increased from $1.5 billion to $2.3 billion for this asset size group of problem credit unions.
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