Number of Problem CUs Fell During Q3 2017

The number of problem credit unions fell during the third quarter of 2017, according to the National Credit Union Administration.

At the end of the third quarter of 2017, there were 204 problem credit unions. In comparison, there were 210 problem credit unions at the end of the second quarter.

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

Total assets and shares in problem credit unions fell during the quarter. Assets in problem credit unions were $10.2 billion at the end of the third quarter -- down from $10.6 billion at the end of the second quarter of 2017. Shares in problem credit unions decreased from $9.4 billion as of June 2017 to $9.0 billion as of September 30.

NCUA reported that almost 88 percent of problem credit unions have less than $100 million in assets, while less than 2 percent have more than $500 million in assets.

At the end of the third quarter, 0.84 percent of total insured shares were in problem credit unions. At the end of the second quarter, 0.88 percent of total insured shares were in problem credit unions.