Thursday, February 17, 2011

369 Problem Credit Unions at the End of January

NCUA reported today that the number of problem credit unions in January was 369. A problem credit union is defined as a credit union that has a CAMEL code of 4 or 5.

Shares (deposits) and assets in problem credit unions as of the end of January were $38.2 billion and $42.9 billion, respectively. NCUA reported that problem credit unions held 5 percent of the credit union industry’s insured shares and 4.75 percent of the industry’s assets.

There were 10 problem credit unions with $1 billion or more in assets holding $17.6 billion in shares. The number of problem credit unions with between $500 million and $1 billion in assets was unchanged at 6 with $3.9 billion in shares. There were 56 problem credit unions with between $100 million and $500 million in assets holding $12 billion in shares.

No comments:

Post a Comment


The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.