The number of problem credit unions fell by one during the quarter to 306 credit unions at the end of the first quarter and is down by 33 credit unions from one year ago.
A problem credit union has a CAMEL rating of 4 or 5.
Problem credit unions held $11.9 billion in deposits (shares), which equals 1.37 percent of the industry’s insured shares.
Assets at problem credit unions at the end of the first quarter were $13.6 billion, which is 1.3 percent of the industry's assets.
The following slide shows the number of problem credit unions and deposits by asset size.
Six credit unions failed during the first quarter of 2014 -- three involuntary mergers and three assisted mergers.
what are the problem assets of banks as a % of the bank industry?
ReplyDeleteYes. How do the 2 industries compare?
DeleteAt the end of 2013, the percent of banking industry assets in problem banks is 1.04 percent.
ReplyDeleteFDIC will release the number of problem banks and assets at problem banks for the first quarter of 2014, when it releases its Quarterly Banking Profile (QBP). The QBP comes out usually 55 days after the end of the quarter.
But take out the four trillion dollar banks to see what the real number is. BofA, Wells, Citi and Chase do not count since they are truly too big to fail - evidenced in 2008 and 09 for City.
DeleteProblem assets in credit unions equal to the insurance fund???
ReplyDelete6 years AFTER the credit bubble??
And my CEO just told me the bad bonds in CCUs is still $22 BILLION??
So we have potential for losses equal $35 BILLION.
Is anybody stress testing this?