The National Credit Union Administration (NCUA) reported that the number of problem credit unions fell by 7 to 251 credit unions during the second quarter of 2015. Year-over-year, the number of problem credit unions are down by 44 credit unions.
A problem credit union has a CAMEL Code of 4 or 5.
During the second quarter, both total shares (deposits) and assets in problem credit unions fell. Shares in problem credit unions declined by approximately $100 million to $10.2 billion. Assets in problem credit unions are down by roughly $200 million to $11.4 billion.
According to NCUA, 1.09 percent of total insured shares and 1 percent of industry assets are in problem credit unions.
NCUA reported that problem credit unions with at least $1 billion in assets fell from 2 at the end of the first quarter to 1 at the end of the second quarter. However, the number of problem credit unions with between $500 million and $1 billion in assets rose by 1 to 4.
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