The number of problem credit unions edged higher during the second quarter of 2019, according to the National Credit Union Administration (NCUA).
At the end of the second quarter of 2019, there were 204 problem credit unions. In comparison, there were 202 problem credit unions at the end of the first quarter of 2018.
A problem credit union has a composite CAMEL rating of 4 or 5.
Total assets in problem credit unions were $11 billion during the second quarter. Assets in problem credit unions were $11.8 billion at the end of the first quarter.
Shares (deposits) in problem credit unions fell during the second quarter to $9.8 billion from $10.4 billion as of March 2019. At the end of the second quarter, 0.82 percent of total insured shares were in problem credit unions. In comparison, 0.91 percent of total insured shares were in problem credit unions as of March 2019.
Most problem credit unions were small credit unions.
The number of problem credit unions with less than $100 million in assets rose by 8 to 182 during the first quarter. But the number of problem credit unions with more than $100 million in assets fell during the quarter by 6 to 22.
NCUA reported that 89.2 percent of problem credit unions have less than $100 million in assets, while 1.47 percent of problem credit unions have more than $500 million in assets.
No comments:
Post a Comment