Monday, May 3, 2010

Problem Credit Union Update

NCUA reported that the number of problem credit unions in March increased by 12 to 349 credit unions. A problem credit union is defined as having a CAMEL rating of 4 or 5.


Problem credit unions held approximately 5.35 percent of the industry's assets or $47.3 billion in assets.

Additionally, the percentage of insured shares (deposits) in problem credit unions declined by 4 basis points in March to 5.68 percent. NCUA reported that problem credit unions held $41.3 million in shares (deposits). The following table shows the distribution of shares held in problem credit unions by asset size.

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